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Released March 05, 2025 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) put its gas infrastructure on display during an investors conference in New York, saying it would supplement its U.S. Gulf Coast footprint with operations in British Columbia. Executives said it was the company with the portfolio necessary to meet growing energy demand.
"Global energy demand is growing and will require all forms of energy," Chief Executive Officer Greg Ebel said Monday. "Enbridge's diversified infrastructure footprint is uniquely positioned to meet this demand, delivering a balance of oil, natural gas and renewable power across five countries, 43 states and eight provinces."
The company reported adjusted net earnings of C$1.64 billion (US$1.1 billion) for the fourth quarter, compared with C$1.36 billion (US$955 million) during the same period in 2023. The increase in earnings helped support a 37% return to shareholders last year.
Most of the infrastructure controlled by midstream-focused Enbridge runs through the U.S. The company's 785-mile Express Pipeline can carry as much as 310,000 barrels per day (BBL/d) from Alberta to refineries in the U.S. Rocky Mountain region. Interconnections along the Alberta Clipper Pipeline, originating in Alberta, deliver crude oil to PADD 2, which covers the Great Plains and Great Lakes regions.
For natural gas, Ebel said the company's interconnections were strong across North America.
"Our gas transmission infrastructure is connected to every operating LNG export facility on the Gulf Coast and is within 50 miles of over 40 billion cubic feet per day of data center and power-generation opportunities," he said.
In terms of volume, U.S. export terminals for liquefied natural gas (LNG) are the busiest in the world. A report from the U.S. Department of Energy found 29 vessels left U.S. export terminals over the seven-day period ending February 26, carrying a combined 108 billion cubic feet of gas in the liquid form.
Tariffs imposed by U.S. President Donald Trump complicate cross-border flows of energy across North America. Supply chains and midstream infrastructure are highly integrated, with energy trade going both ways across the U.S.-Canadian border. Much of the U.S. refining sector is tooled to process the heavier type of oil found in Canada, not the light, sweet oil found in U.S. shale basins. The U.S. is also a net importer of natural gas from Canada, to the tune of about 5.5 billion cubic feet per day (Bcf/d).
In Canada, Enbridge introduced plans on Monday to spend some C$400 million (US$276 million) on a project dubbed Birch Grover, an expansion to its existing T-North Pipeline in British Columbia. The line should be up and running by 2028, adding 179 million cubic feet per day to the network.
The expansion would bring the capacity of T-North to 3.7 Bcf/d. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Plant and Project databases can learn more about T-North in a detailed plant profile and can click here for a list of related project reports.
During his presentation, Ebel made no mention of tariffs. Trump pulled the trigger at midnight Tuesday on a 10% import tax on energy and a 25% import tax on all other imported Canadian goods, though Ebel was upbeat on the future.
"Reliable cash flows and our visible growth outlook are expected to support consistent dividend increases and predictable capital returns to shareholders, and we believe that our strategic and financial plans offer a first-choice investment opportunity," Ebel said.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
"Global energy demand is growing and will require all forms of energy," Chief Executive Officer Greg Ebel said Monday. "Enbridge's diversified infrastructure footprint is uniquely positioned to meet this demand, delivering a balance of oil, natural gas and renewable power across five countries, 43 states and eight provinces."
The company reported adjusted net earnings of C$1.64 billion (US$1.1 billion) for the fourth quarter, compared with C$1.36 billion (US$955 million) during the same period in 2023. The increase in earnings helped support a 37% return to shareholders last year.
Most of the infrastructure controlled by midstream-focused Enbridge runs through the U.S. The company's 785-mile Express Pipeline can carry as much as 310,000 barrels per day (BBL/d) from Alberta to refineries in the U.S. Rocky Mountain region. Interconnections along the Alberta Clipper Pipeline, originating in Alberta, deliver crude oil to PADD 2, which covers the Great Plains and Great Lakes regions.
For natural gas, Ebel said the company's interconnections were strong across North America.
"Our gas transmission infrastructure is connected to every operating LNG export facility on the Gulf Coast and is within 50 miles of over 40 billion cubic feet per day of data center and power-generation opportunities," he said.
In terms of volume, U.S. export terminals for liquefied natural gas (LNG) are the busiest in the world. A report from the U.S. Department of Energy found 29 vessels left U.S. export terminals over the seven-day period ending February 26, carrying a combined 108 billion cubic feet of gas in the liquid form.
Tariffs imposed by U.S. President Donald Trump complicate cross-border flows of energy across North America. Supply chains and midstream infrastructure are highly integrated, with energy trade going both ways across the U.S.-Canadian border. Much of the U.S. refining sector is tooled to process the heavier type of oil found in Canada, not the light, sweet oil found in U.S. shale basins. The U.S. is also a net importer of natural gas from Canada, to the tune of about 5.5 billion cubic feet per day (Bcf/d).
In Canada, Enbridge introduced plans on Monday to spend some C$400 million (US$276 million) on a project dubbed Birch Grover, an expansion to its existing T-North Pipeline in British Columbia. The line should be up and running by 2028, adding 179 million cubic feet per day to the network.
The expansion would bring the capacity of T-North to 3.7 Bcf/d. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Plant and Project databases can learn more about T-North in a detailed plant profile and can click here for a list of related project reports.
During his presentation, Ebel made no mention of tariffs. Trump pulled the trigger at midnight Tuesday on a 10% import tax on energy and a 25% import tax on all other imported Canadian goods, though Ebel was upbeat on the future.
"Reliable cash flows and our visible growth outlook are expected to support consistent dividend increases and predictable capital returns to shareholders, and we believe that our strategic and financial plans offer a first-choice investment opportunity," Ebel said.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
