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Enbridge Line 9 reversal, expansion approved by Canadian regulators

Enbridge (ENB) wins approval of its controversial plan to reverse and expand Line 9, allowing for more shipments of western crude oil to refineries in Quebec.

The approval from Canada's National Energy Board is subject to 30 conditions, such as requirements that ENB take steps to ensure the integrity of the pipeline and guard against spills.

The reversal of the 397-mile section is part of ENB’s effort to provide refineries in eastern Canada with lower-priced North American crude from Alberta’s oil sands and North Dakota’s Bakken.

The line from Westover, Ontario, to Montreal is capable of sending ~240K bbl/day of overseas oil west; included in the approval for the reversal is permission to expand capacity to 300K.

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Comments (2)
  • venture exchange
    , contributor
    Comments (55) | Send Message


    /have April calls ;)
    7 Mar 2014, 01:04 AM Reply Like
  • seterk
    , contributor
    Comments (267) | Send Message
    I saw this news and thought the stock would soar today, but.....
    7 Mar 2014, 05:09 PM Reply Like
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