By JUDY McKINNON
Enbridge said Friday it will spend 400 million Canadian dollars
($404.9 million) to expand its mainline pipeline system between
Hardisty, Alberta and the US border.
The Canadian pipeline company, which in November announced
it would go ahead with a C$1.8 billion expansion of the system
in the oil-rich province of Alberta, said the latest expansion
will add 230,000 bpd of capacity.
Enbridge said the expansion will involve increased
pumping horsepower, with no line pipe construction. It's targeting an
in-service date in 2015, subject to regulatory approvals.
The expansion is the latest project announced by energy and
pipeline companies to boost capacity amid a dramatic increase
in crude output across North America.
Pipeline companies like Enbridge and TransCanada have slated
billions of dollars in new pipeline expansions to handle more crude
output from Alberta's booming oil sands development, as well as
projects to boost capacity from new
production in North America's Midwest, including North Dakota
Dow Jones Newswires