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Friday, Oct 11
Enbridge's Keystone alternative makes progress toward mid-2014 open
- While the Keystone pipeline remains mired in uncertainty, Enbridge (ENB) is working to open a major new pathway to the U.S. Gulf coast for Alberta bitumen, solidifying a commercial link between the world’s No. 3 crude deposit and the Texas refining corridor that has eluded industry planners.
- ENB is spending $2.8B to twin its Spearhead pipeline from Flanagan, Ill., to Cushing, Okla., and another $1.1B to nearly triple capacity on its Seaway system between the Midwest storage hub and the Houston area.
- By mid-2014, the two pipelines will be able to transport 775K barrels of Alberta oil for processing at coastal refineries, according to the head of ENB's liquids pipeline unit.