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GasBuddy News Article

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Enbridge teams with U.S. firm in $3.4-billion pipeline proposal

Edmonton Journal -- Enbridge Inc. and a partner are planning to spend up to US$3.4 billion to reconfigure a natural gas pipeline to carry oil to the eastern Gulf Coast, a market that currently relies on rail and barge for crude shipments.

Enbridge (TSX:ENB) and Houston-based Energy Transfer Partners would each own 50 per cent of the project, which would stretch more than 1,100 kilometres from an oil hub at Patoka, Ill., to the St. James hub in Louisiana.

Energy Transfer would operate the project.

Each company would invest between $1.2 billion and $1.7 billion.

The line is expected to be in service by 2015, likely carrying between 420,000 and 660,000 barrels per day of crude. It needs U.S. regulatory approvals to go ahead.

The proposal is one of many to help link move more crude from Alberta’s oilsands...


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Submitted Feb 16, 2013 By: EZExit
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Enbridge teams with U.S. firm in $3.4-billion pipeline proposal Back to Topics
REPLIES (newest first) Post a Reply
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KAR120CSII
Champion Author Oregon

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Message Posted: Mar 17, 2013 1:44:16 AM

Thank heavens.
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 22, 2013 4:56:32 AM

yea, and the color ain't even good...
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KAR120CSII
Champion Author Oregon

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Message Posted: Feb 21, 2013 1:09:39 AM

Lipstick on the Enbridge pig.
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 20, 2013 11:01:33 PM

let's keep the dirty oil sands in Canada and build refineries for US oil.
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gknee09
Champion Author Philadelphia

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Message Posted: Feb 16, 2013 9:17:27 PM

lots of jobs
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agrico
Champion Author New Orleans

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Message Posted: Feb 16, 2013 7:29:15 PM

its hard to argue with well managed new pipelines - definitely safest, cheapest and fastest way to move liquids
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sparkie951
Champion Author Roanoke

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Message Posted: Feb 16, 2013 7:26:32 PM

What does that do for us in the US!
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tomok
Champion Author Portland

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Message Posted: Feb 16, 2013 5:26:20 PM

Enbridge teams with U.S. firm in $3.4-billion pipeline proposal, reconfigure a natural gas pipeline to carry oil to the eastern Gulf Coast. A pipeline will carry much more oil to the Gulf Coast than rail or barge with less chance of a spill happening.
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
Take care of the domestic fuel market first and above all else!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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montytexas
Champion Author Houston

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Message Posted: Feb 16, 2013 5:07:20 PM

Canadian hydrocarbons....come on down !!!!
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katmandue
Champion Author Detroit

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Message Posted: Feb 16, 2013 5:06:21 PM

And will not save the American tax payers a dime.
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GManCo
Champion Author Colorado Springs

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Message Posted: Feb 16, 2013 4:59:29 PM

They need one for Natural Gas and one for oil. Just build it.
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MrGasKGB
All-Star Author St. Louis

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Message Posted: Feb 16, 2013 4:58:35 PM

Pipelines make more sense.
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Bud122CA
Champion Author California

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Message Posted: Feb 16, 2013 4:58:00 PM

Obummer won't let this happen
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mickealo
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Message Posted: Feb 16, 2013 4:53:55 PM

why don't they refine it where it comes out of the ground ?????
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GreenLegend
Champion Author Raleigh

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Message Posted: Feb 16, 2013 4:53:42 PM

Wow!
Great idea.
Savings in rail & barge transport charges(no fuel to move fuel!).
Simple really, and safer too.
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beohbeNJ
Champion Author New Jersey

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Message Posted: Feb 16, 2013 4:53:38 PM

Knowing the way things work it will be years before that pipe line is built if at all.
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gamalerin
Champion Author Tampa

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Message Posted: Feb 16, 2013 4:50:57 PM

Who is going to pay for it.
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ChuckGVT
Champion Author Vermont

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Message Posted: Feb 16, 2013 4:50:16 PM

OK.
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Focus2
Champion Author Illinois

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Message Posted: Feb 16, 2013 4:46:50 PM

Canadian crude is currently being sold at a bigger discount than usual because of a lack of pipeline capacity out of western Canada and the U.S Midwest to coastal waters, from which it could access lucrative global markets."

I thought this was what it was all about as soon as I saw the word Enbridge, the company that put the pipeline to Patoka, and Wood River Illinois refineries to process the tar sands bitumen. This company doesn't need the President's approval to build the pipeline east in my opinion as it is extending its direction, same as in Texas. If it helps out an oil thirsty east coast I am not against that. The tar sands oil did not bring down gas prices in Illinois and I suspect it will have no affect there either. While the refinery here is cashing in on bargain prices, they have never passed it on to the consumer at the pump. I expect it just reflects more quarterly profits for the refinery.

Someone ask the question about our natural gas we have so much of? Big Energy is not at the moment pursuing the US market as much as they have big dollar signs on Japan, Korea, and Asia that are paying $6 a gallon for (LNG) liquefied natural gas imports. There is a problem! There is red tape and Big Energy wants the consumer to write our government to allow them to export our natural gas in the form of LNG. This would mean huge profits for Big energy at world demand prices. What do you think that would do to our country's cheap natural gas for heating or transportation? We will pay what the rest of the world is willing to pay, and what speculators want to add to that. We need the guarantee of cheap affordable energy in the USA to attract business and jobs back to America. We don't want our natural gas peddled away by Wall Street!
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JimL1
Champion Author Phoenix

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Message Posted: Feb 16, 2013 4:45:48 PM

Build refineries near where the crude comes out of the ground, instead of spending money on pipelines that damage our farmland.
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hmw10284
Champion Author California

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Message Posted: Feb 16, 2013 4:45:14 PM

its already on US soil unless they trucked in canadian dirt to put it on
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scu227
Champion Author New Haven

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Message Posted: Feb 16, 2013 4:45:04 PM

Good luck, let's hope this does not get stalled with more and more red tape.
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Bonito
Champion Author Dayton

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Message Posted: Feb 16, 2013 4:43:20 PM

NO--NO--NO*** Don't put it on US soil!
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ericbcire
Champion Author Nevada

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Message Posted: Feb 16, 2013 4:41:31 PM

Just get it done.
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DeeLA
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Message Posted: Feb 16, 2013 4:35:26 PM

More jobs for the central plains.
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gobux10
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Message Posted: Feb 16, 2013 4:32:32 PM

Sounds like a good deal
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Alfied
Champion Author Riverside

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Message Posted: Feb 16, 2013 4:32:28 PM

Guess who'll spike that.
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nemoFL
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Message Posted: Feb 16, 2013 4:31:25 PM

ok
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RangerBob58
Champion Author Dayton

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Message Posted: Feb 16, 2013 4:30:23 PM

Repurposing, what a novel idea. Imagine if the government was to do this, it would cost 4 or 5 times as much and not work when finished. They would probably repurpose it to ethanol or something else stupid.
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gumbyrex
Champion Author Fresno

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Message Posted: Feb 16, 2013 4:29:50 PM

With the current natural gas glut, this seems to be a logical move.
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RobertSpratt
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Message Posted: Feb 16, 2013 4:25:13 PM

Keep our resources here
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QualTekGuy
Champion Author Illinois

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Message Posted: Feb 16, 2013 4:20:48 PM

Keep it safe. Make them guarantee in writing that any spillage will be cleaned up and fines will be paid along with restitution to all that are affected. Then double those figures before you allow anyone to break ground.
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Gramps001
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Message Posted: Feb 16, 2013 4:17:51 PM

Don't tell Barry!
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kymechanic
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Message Posted: Feb 16, 2013 4:16:30 PM

Good!
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PissedATthePump
All-Star Author Pennsylvania

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Message Posted: Feb 16, 2013 4:13:18 PM

Do it.
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no8c
Champion Author Ohio

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Message Posted: Feb 16, 2013 4:11:53 PM

Thanks for posting this!
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goodbuy
Champion Author Michigan

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Message Posted: Feb 16, 2013 4:10:21 PM

Just do it.
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yonasb
Champion Author Houston

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Message Posted: Feb 16, 2013 4:05:08 PM

fast please
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fullauto
Champion Author Reading

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Message Posted: Feb 16, 2013 4:02:56 PM

build it in spite of OBOZO.
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Feb 16, 2013 4:02:43 PM

Will prices come down
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balljars
Champion Author Michigan

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Message Posted: Feb 16, 2013 4:01:37 PM

This is one big undertaking. Will they have any better luck than the Keystone Pipeline people did getting approval? They also want to move Canadian oilsands crude to Louisiana.
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tes283
All-Star Author Tampa

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Message Posted: Feb 16, 2013 3:57:53 PM

Is it cost effective or are they passing the buck again.
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BigDenOH
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Message Posted: Feb 16, 2013 3:55:22 PM

Wait till the Government steps in
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doncNJ
Champion Author New Jersey

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Message Posted: Feb 16, 2013 3:53:10 PM

Hey, tree huggers, what do ya think of this idea?
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Jayburt
Champion Author Toledo

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Message Posted: Feb 16, 2013 3:52:50 PM

and people will pay more so a few big oil people and the Arab nations can get even more filthy rich
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spotterFL
Champion Author Florida

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Message Posted: Feb 16, 2013 3:51:49 PM



Do you think these two entities have ever heard of the infamous EPA?
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mrsclaus2013
Rookie Author Birmingham

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Message Posted: Feb 16, 2013 3:50:46 PM

sup
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Ken825
Champion Author Pennsylvania

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Message Posted: Feb 16, 2013 3:48:42 PM

Good luck with the U.S. regulatory approvals.
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Chas58
Champion Author Detroit

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Message Posted: Feb 16, 2013 3:48:36 PM

I'm confused, it would stretchfrom Ill to La but service the eastern gulf coast. What about Mississippi, or Georgia, or Alabama, or even Florida? You get it to louisania and you're still going to have to ship it some how.
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snell snail
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Message Posted: Feb 16, 2013 3:46:39 PM

....lotsa, lotsa, lotsa $$$$$$$$.......
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