Enbridge proposes $3.6 billion Alberta to Texas pipeline
Thu Jul 6, 2006 9:51 PM ET
CALGARY, Alberta, July 6 - Enbridge Inc. is in early discussions with Canadian oil producers about building a $3.6 billion oil pipeline from Alberta to the refineries of the U.S. Gulf Coast, a spokesman said on Thursday.
Enbridge, Canada's no. 2 pipeline company, said it is in the early stages of planning the project, which would carry 400,000 barrels a day of oil sands oil 2,000 miles (3,200 kilometers) from near Edmonton, Alberta to Texas.
The line would run through refining centers like Billings, Montana, Denver, Colorado, and Cushing, Oklahoma before reaching the Gulf refineries.
"We've seen significant interest from shippers in accessing the U.S. Gulf Coast," said Enbridge spokesman Glenn Herchak. "We're working to examine the feasibility of this."
If producers sign on to the project, the line could be built by 2011.
While about 66,000 barrels of Canadian oil a day can now reach the Gulf coast through lines owned by Enbridge and Exxon Mobil Corp, a new pipeline would access additional markets for the oil sands output.
Production from the oil-rich region of northern Alberta is expected to triple to 3 million barrels a day by 2015, requiring new pipelines and markets.
Thu Jul 6, 2006 9:51 PM ET
CALGARY, Alberta, July 6 - Enbridge Inc
Enbridge, Canada's no. 2 pipeline company, said it is in the early stages of planning the project, which would carry 400,000 barrels a day of oil sands oil 2,000 miles (3,200 kilometers) from near Edmonton, Alberta to Texas.
The line would run through refining centers like Billings, Montana, Denver, Colorado, and Cushing, Oklahoma before reaching the Gulf refineries.
"We've seen significant interest from shippers in accessing the U.S. Gulf Coast," said Enbridge spokesman Glenn Herchak. "We're working to examine the feasibility of this."
If producers sign on to the project, the line could be built by 2011.
While about 66,000 barrels of Canadian oil a day can now reach the Gulf coast through lines owned by Enbridge and Exxon Mobil Corp
Production from the oil-rich region of northern Alberta is expected to triple to 3 million barrels a day by 2015, requiring new pipelines and markets.
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