Enbridge bullish on Canadian crude, Line 3, Line 5, SPoT projects

摘要

Houston—Enbridge said it is bullish on its major crude pipeline and terminal projects that should ultimately help boost Canadian oil prices and production volumes. Enbridge plans to complete its Line 3 Replacement pipeline project in the fourth quarter, progress with its Line 5 tunnel tunnel project —while avoiding a potential pipeline shutdown —and receive federal approval by the end of this year for its deepwater oil-exporting terminal offshore of the Houston Ship Channel that it is developing with operator Enterprise Products Partners.