Enbridge Approves $2.7 Billion Expansion of Southern B.C. Pipeline System
(Reuters) — Enbridge Inc. on Friday sanctioned an expansion of the southern segment of its British Columbia (B.C.) pipeline system, a project that would cost up to C$3.6 billion ($2.65 billion), after strong demand from crude oil producers.
The company, which posted higher third-quarter earnings on Friday, separately launched an 'open season' for capacity on the northern segment of the B.C. line. Interest in the open season would determine if Enbridge launches a potential C$1.9 billion expansion of that line.
Open season gives oil and gas producers the chance to bid for long-term contracts giving them priority access on a pipeline.
Enbridge said the T-South expansion of its B.C. pipeline system, which runs from near Chetwynd and extends south to the Canada-U.S. border at Huntingdon-Sumas, will add 300 million cubic feet per day (cf/d) of capacity.
If sanctioned, the expansion of T-North segment would add about 500 million cf/d of capacity. T-North connects the Fort Nelson area to the T-South segment and to interconnecting pipelines at the B.C.-Alberta border on the east.
Enbridge expects the T-South expansion will come into operation in 2028, while open season for T-North is expected to end on Jan. 10, 2023.
($1 = 1.36 Canadian dollars)
Related News
Related News
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
Comments