Enbridge’s Plans to Expand U.S. Pipeline Capacity to Generate $15 Billion

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.

Click here to read the full Bloomberg report.