ENBRIDGE APPROVES $1.4 BILLION PROJECT TO BOOST CANADIAN OIL FLOWS TO US
https://media.zenfs.com/en/reuters.com/822d43aae2d468530cd496e350f1b3a8
✍️ Enbridge, a Canadian pipeline operator, has approved $1.4 billion in expansion projects to increase crude oil exports to the US, aiming to add 250,000 barrels per day of capacity.
👉 Enbridge has approved $1.4 billion in expansion projects for its Mainline and Flanagan South pipelines to the US. 👉 The projects will add a combined 250,000 barrels per day of capacity for Canadian heavy oil shippers moving oil to the US Midwest and Gulf Coast. 👉 The additional capacity is expected to come online in 2027. 👉 Enbridge is also planning to gauge commercial interest in a second phase of expansion on its Mainline network, which could add another 250,000 bpd of capacity.
-- #ColinGruending #AmandaStephenson #PoojaMenon #ArunimaKumar #Canada #US #Calgary #Alberta #BritishColumbia #business
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