Enbridge has found strong commercial support for its proposed $5.5 billion 1,1177-kilometer twin pipeline development project and marine terminal in Canada.
Filing with the Canadian regulator National Energy Board, Enbridge's Northern Gateway Pipelines has signed commercial agreements that fully subscribe for the long-term service and capacity of both the crude oil export pipeline and condensate import pipeline. The Canadian producers and Asian markets have agreed on commercial terms relating to the long-term use of the project.
The Northern Gateway project will build two pipelines from Edmonton, Alberta to a new marine terminal in Kitimat, British Columbia, on Canada's West Coast. Currently under regulatory review, the proposed Northern Gateway project would transport 525,000 barrels a day of oil for export and import 193,000 barrels per day of condensate.
Thursday, August 25, 2011
Music To My Ears: Enbridge Pipeline In Canada Gaining Traction -- Not a Backken Story
Link here.
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Bruce,
ReplyDeleteAcuchley this is a Bakken Story, as it affects the output capacty of the oil fields production.
Nick Anderson
Key West, Florida. 33040
You are correct. But sometimes folks send me e-mail asking why I post stories about Canada, etc., when I say this is a Bakken blog, so sometimes I have to warn folks that the post might be something different than they expected. Smile.
ReplyDeleteThank you for taking time to comment.