Canadian Market Analysis (Con’t) --Source: Statistics Canada, Preston Estimates

摘要

The replacement and expansion of Enbridge’s Line 3 crude oil pipeline will be delayedabout a year because the Minnesota permitting process will take longer than expected, theAlberta company announced in early March. The project, previously expected to start shippingcrude by the end of 2019, is now expected to enter service in the second half of 2020. This is asignificant blow to Canadian oil producers who were expecting the estimated 9% increase inexport capacity of a fully operation Line 3 to help alleviate the transportation problems they havefaced for some time. Elsewhere, it was noted that it can take 9 years to get a pipeline approvedin Canada.