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Enbridge to undertake additional $0.4 billion Canadian mainline expansion
Friday, January 04, 2013
The expansion will require regulatory approvals.
The expansion has been approved by mainline shippers under the terms of EPI's Competitive Tolling Settlement, and is expected to be in service in 2015.
Enbridge Inc. (NYSE:ENB) (TSX:ENB) announced further expansion of the Canadian mainline system between Hardisty, Alberta, and the U.S. border. The expansion will add an additional 230,000 barrels per day of capacity at an estimated cost of approximately $0.4 billion, and involves increased pumping horsepower, with no line pipe construction.
The expansion will require regulatory approvals. The Canadian mainline is held by Enbridge Pipelines Inc. (EPI), a wholly owned subsidiary of Enbridge Inc. The expansion has been approved by mainline shippers under the terms of EPI's Competitive Tolling Settlement, and is expected to be in service in 2015.
Read more: http://www.oilvoice.com/n/Enbridge_to_underta...z2H50UaF8f
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LG Partners , LLC, to incorporate STWA's Applied Oil Technology™ (AOT™) oil pipeline efficiency technology into the design and construction of a proposed new non-domestic, multi-national, 900-mile pipeline currently in the planning stage. LG Partners is currently developing the $2.5 billion , 900-mile pipeline to transport medium and heavy crude oil to markets currently experiencing a lack of diverse pipeline suppliers. This multinational pipeline is designed to be 42" in diameter, with a transport capacity of 30 to 60 million tons of crude oil per year, or approximately 600,000 to 1.2 million barrels per day .
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A multi-stage , $2.1 billion expansion, the Southern Access Pipeline involved the construction of 454 miles of new 42-inch pipe within the existing Enbridge pipeline easement between Superior, Wis. and Enbridge's Flanagan, Ill. terminal along with new pump stations in Wisconsin and Illinois. The Southern Access Pipeline met the increased demand of Chicago-area refineries with additional supplies of Canadian heavy crude petroleum, supplies of which were increasing from production in Alberta 's oil sands.
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