Enbridge Inc. has announced about US$500 million in spending on new projects to grow its business in the U.S. including its export terminal in Texas and an expansion of its Gray Oak pipeline which carries oil from the Permian Basin to the U.S. Gulf Coast.
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Enbridge Texas Pipeline Permits
The company made the announcements as part of its investor day presentation in New York.
Enbridge says it will spend about US$100 million to expand its Gray Oak pipeline and add 2.5 million barrels of additional crude oil storage at the Enbridge Ingleside Energy Center terminal, near Corpus Christi, Texas.
Enbridge Inc. has announced about US$500 million in spending on new projects to grow its business in the U.S. including its export terminal in Texas and an expansion of its Gray Oak pipeline which carries oil from the Permian Basin to the U.S. Gulf Coast.
The company made the announcements as part of its investor day presentation in New York.
Enbridge says it will spend about US$100 million to expand its Gray Oak pipeline and add 2.5 million barrels of additional crude oil storage at the Enbridge Ingleside Energy Center terminal, near Corpus Christi, Texas.
In addition, Enbridge says it will spend about US$200 million as part of a newly formed joint venture to develop and construct a gas pipeline to serve Shell and Equinor’s offshore Sparta development in the Gulf of Mexico.
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