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Enbridge’s Plans to Expand U.S. Pipeline Capacity to Generate $15 Billion
Mar. 28, 2012 06:56PM PST
Oil and Gas InvestingBloomberg reported that Enbridge Inc’s (NYSE:ENB) decision to expand U.S. pipeline capacity may yield up to $15 billion for Canadian oil-sands producers.
Bloomberg reported that Enbridge Inc’s (NYSE:ENB) decision to expand U.S. pipeline capacity may yield up to $15 billion for Canadian oil-sands producers.
As quoted in the market news:
Two projects announced on March 26 by Calgary-based Enbridge and U.S. partner Enterprise Products Partners LP (EPD) (EPD) would expand crude capacity to the Gulf Coast by 500,000 barrels a day by 2014, a big step toward narrowing the price gap, said Roger McKnight, senior petroleum adviser at En-Pro International Inc., an Oshawa, Ontario-based energy adviser.