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Released December 01, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Enbridge Incorporated's (NYSE:ENB) (Calgary, Alberta) strategic plan for the next three years includes a capital program amounting to C$22 billion (US$17 billion) through 2020, the North American energy infrastructure company said this week. Industrial Info is tracking 176 Enbridge capital projects.
Enbridge merged with Spectra Energy Corporation (Houston, Texas) in February, making it North America's largest energy infrastructure company, with consolidated assets of more than C$160 billion (US$124 billion) as of September 30. For more information, see May 12, 2017, article - Enbridge Expects Sharp Growth in 2017 After Spectra Acquisition, Major Pipeline Additions.
The company said in a Wednesday press release its three-year strategic plan involves growth in its three core businesses: liquids pipelines and terminals, gas transmission and storage, and gas utilities.
"We have continued to successfully execute on our secured capital program, with roughly [C$12 billion] [US$9.3 billion] of new projects expected to be put into service in 2017," said Enbridge Chief Executive Officer Al Monaco. For related information, see November 7, 2017, article - Enbridge's $27 Billion in Active Projects Fueled by Pipeline Overhauls, Windfarm Growth .
As part of its move to a pure regulated pipeline and utility business, Monaco said Enbridge has identified C$10 billion (US$7.7 billion) in non-core assets, including C$3 billion (US$2.3 billion) of unregulated gas midstream and onshore renewable businesses that will be sold or monetized in 2018.
Enbridge's list of priorities is topped by the Line 3 Replacement, which is expected to cost $7 billion and overhaul 1,200 miles of pipeline from the Alberta Oil Sands near Hardisty, Alberta, to Superior, Wisconsin. Capacity on the line is expected to double to 760,000 barrels per day (BBL/d).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Enbridge merged with Spectra Energy Corporation (Houston, Texas) in February, making it North America's largest energy infrastructure company, with consolidated assets of more than C$160 billion (US$124 billion) as of September 30. For more information, see May 12, 2017, article - Enbridge Expects Sharp Growth in 2017 After Spectra Acquisition, Major Pipeline Additions.
The company said in a Wednesday press release its three-year strategic plan involves growth in its three core businesses: liquids pipelines and terminals, gas transmission and storage, and gas utilities.
"We have continued to successfully execute on our secured capital program, with roughly [C$12 billion] [US$9.3 billion] of new projects expected to be put into service in 2017," said Enbridge Chief Executive Officer Al Monaco. For related information, see November 7, 2017, article - Enbridge's $27 Billion in Active Projects Fueled by Pipeline Overhauls, Windfarm Growth .
As part of its move to a pure regulated pipeline and utility business, Monaco said Enbridge has identified C$10 billion (US$7.7 billion) in non-core assets, including C$3 billion (US$2.3 billion) of unregulated gas midstream and onshore renewable businesses that will be sold or monetized in 2018.
Enbridge's list of priorities is topped by the Line 3 Replacement, which is expected to cost $7 billion and overhaul 1,200 miles of pipeline from the Alberta Oil Sands near Hardisty, Alberta, to Superior, Wisconsin. Capacity on the line is expected to double to 760,000 barrels per day (BBL/d).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
