HomeMagazine2016March 2016, Vol. 243, No. 3Enbridge Acquires Gas Plants/Pipelines in British Columbia

March 2016, Vol. 243, No. 3

In The News

Enbridge Acquires Gas Plants/Pipelines in British Columbia

Enbridge Inc. announced a $538 million acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C. from the Canadian subsidiary of Murphy Oil Corp. “This acquisition fits extremely well with Enbridge’s low-risk value proposition and supports our key priority of extending and diversifying growth,” said C. Gregory Harper, president of Gas Pipelines and Processing. “These assets, which are currently in operation, are underpinned by long-term contracts that generate highly predictable cash flows. They also enhance our natural gas footprint within the Montney, one of the most attractive gas plays in North America, and add gas proces

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