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Enbridge could re-file application for deepwater oil terminal - Reuters

|About: Enbridge Inc. (ENB)|By: , SA News Editor

Enbridge (ENB +0.9%) may consider re-filing its application for U.S. federal permits to build the Texas COLT crude oil export terminal off Freeport, Tex., if demand picks up, Reuters reports.

ENB recently withdrew its proposal for a facility capable of handling supertankers, but now says it will "consider re-filing the application in the future should market demand for additional export capacity grow in the future," according to the report.

ENB said last month it would jointly develop a deepwater facility with Enterprise Products Partners, whose project already had been advanced by long-term agreements with Chevron.

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