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Enbridge Inc T.ENB

Alternate Symbol(s):  EBGEF | T.ENB.PR.F | EBBNF | ENBFF | T.ENB.PF.A | T.ENB.PR.G | ENBGF | T.ENB.PF.C | T.ENB.PR.H | ENBHF | ENNPF | T.ENB.PF.E | T.ENB.PR.I | T.ENB.PF.G | T.ENB.PR.J | ENBMF | T.ENB.PF.K | T.ENB.PR.N | ENBNF | T.ENB.PF.U | T.ENB.PR.P | ENBOF | EBRGF | T.ENB.PF.V | T.ENB.PR.T | T.ENB.PR.A | T.ENB.PR.V | ENBRF | EBRZF | T.ENB.PR.B | T.ENB.PR.Y | ENB | T.ENB.PR.D | EBBGF | T.ENB.PR.Z

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.


TSX:ENB - Post by User

Comment by Quintessential1on Jan 18, 2022 2:05pm
569 Views
Post# 34329586

RE:ENB to build natgas pipe to Glenfarne Texas LNG export plant

RE:ENB to build natgas pipe to Glenfarne Texas LNG export plantVery nice.  LNG in Europe and Asia is commanding a premium and the way tensions are with Russia they may do so for a very long time.  The tolls are a nice add and I am sure Glenfarne won't be the last company looking to exploit this opportunity.

Go Enbridge! ;-)


silkos wrote:
Jan 18 (Reuters) - U.S. energy company Glenfarne Group LLC on Tuesday said Enbridge Inc has agreed to expand the Canadian energy firms Valley Crossing natural gas pipeline to deliver fuel to the Texas LNG export plant Glenfarne is developing in Brownsville.
 
Under the agreement, Enbridge will add a 10-mile (16.1 kilometer) lateral to the Valley Crossing pipe in Texas to deliver about 0.72 billion cubic feet per day (bcfd) of gas to Texas LNG for at least 20 years.
 
Glenfarne said it plans to make a final investment decision (FID) to build Texas LNG in 2022 that should enable the project to produce first LNG in 2026.
 
Texas LNG is designed to produce about 4 million tonnes per annum (MTPA) of LNG or about 0.53 bcfd of gas. One billion cubic feet is enough gas for about 5 million U.S. homes for a day.
 
Glenfarne is different from other U.S. LNG developers because it is also a buyer of LNG for an existing power plant in Colombia and is developing other energy projects in Latin America and Asia expected to consume more LNG in the future.
 
In addition to producing LNG for its own plants, Glenfarne, has said it also wants to sell LNG to other companies to help finance its projects.
 
Glenfarne is also developing the 8.8-MTPA Magnolia LNG export plant in Louisiana.
 
(Reporting By Scott DiSavino; Editing by Mark Porter)


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