Office Professional 2010 Key Enbridge to expand Ed

March eighteen, 2011 October 5, 2010
Enbridge to increase Edmonton terminal to accommodate greater oilsands production CALGARY Oil pipeline operator Enbridge Inc. says it can broaden the storage program at its Edmonton terminal to accommodate rising oilsands creation from northern Alberta. The Calgary-based company’s subsidiary, Enbridge Pipelines Inc.,Office Professional, will spend about $260 million to expand the terminal’s storage capacity by one million barrels, Enbridge announced late Wednesday. Construction will begin early next year and the expansion is expected to be complete by late 2012. “These additional tanks will help ensure the necessary infrastructure is in place to accommodate enhanced oil volumes anticipated in 2012 and will provide improved netbacks for our customers,Office Pro Plus 2010,” said Stephen Wuori, executive vice-president of Enbridge’s liquids pipeline division. The expansion will be done in two phases: construction of four new tanks and the installation of short segments of pipeline and related infrastructure. Wednesday’s release follows a spate of pipeline expansion announcements in the oilsands region. Earlier this month, Enbridge inked a $475-million deal with Husky Energy Inc. to carry crude from its Sunrise oilsands project. Previously it said it would spend $185 million to increase its Athabasca product to accommodate crude from Cenovus Energy Inc.’s Christina Lake project. It also announced a $370-million project to handle volumes from Suncor Energy Inc.’s oilsands plant. Those companies and others are expanding their oilsands projects to feed the increasing demand from U.S. and Canadian customers. Many of the projects are slated to come on stream over the next five years and require pipeline and storage expansions to carry the crude to markets. Canadian Press Print | Email | Comment OFFICE BUILDINGS
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