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Bullboard - Stock Discussion Forum 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... see more

TSX:ENB - Post Discussion

Enbridge Inc > ENB to build natgas pipe to Glenfarne Texas LNG export plant
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Post by silkos on Jan 18, 2022 1:31pm

ENB to build natgas pipe to Glenfarne Texas LNG export plant

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)
Comment by Quintessential1 on Jan 18, 2022 2:05pm
Very 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! ;-)
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