Enbridge Aims to Add Capacity as Trans Mountain Expansion Stalls

Enbridge Aims to Add Capacity as Trans Mountain Expansion Stalls

September 22, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--With Canada's massive Trans Mountain expansion facing delays, Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) is upping its game with its own proposed capacity additions. An executive recently told Reuters the company could add as much as 200,000 barrels per day (BBL/d) of capacity to its Canadian Mainline, which currently is Canada's largest oil export pipeline system. The proposal joins a series of expansions across Enbridge's North American portfolio.

Industrial Info is tracking nearly US$14 billion worth of active and planned projects from Enbridge across the U.S. and Canada, including about US$9.5 billion worth that have a medium-to-high likelihood (70% or more) of moving forward as planned. Enbridge already is planning a series of tank inspections and upgrades at five terminals along its Canadian Mainline System, which are expected to run through the end of 2024. If approved, the Mainline expansion would join a series of high-value upgrades and capacity additions across the U.S. and Canada.

Other companies featured: NextDecade Corporation's (NASDAQ:NEXT)

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