Canadian energy infrastructure firm Enbridge Inc on Friday announced a C$3.6 billion ($2.65 billion) expansion of the southern segment of its British Columbia (B.C.) gas pipeline system after strong demand from customers.
The Calgary-based company, which posted higher third-quarter earnings on Friday, also launched an open season to gauge shipper interest in a potential C$1.9 billion expansion of the northern section of the same system.
Gas production in Western Canada this year neared record levels of 18 billion cubic feet a day. Enbridge Chief Executive Officer Al Monaco said that supply growth coupled with future demand from planned liquefied natural gas (LNG) export projects was underpinning the expansions….
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