News

Calgary-based Enbridge raises bets on U.S. Gulf Coast LNG, reports higher Q4 earnings

Calgary-based Enbridge raises bets on U.S. Gulf Coast LNG, reports higher Q4 earnings
Canada
Larger font Increase article font size

A+

Calgary-based Enbridge Inc. is raising its bets on the growing liquefied natural gas export sector on the U.S. Gulf Coast by buying the pipeline that would supply the proposed Rio Grande LNG export facility.

Enbridge says it has agreed to pay US$15 million to NextDecade Corp. to buy the pipeline project, with an additional amount not to exceed US$10 million paid if NextDecade decides to go ahead with the LNG terminal in the Port of Brownsville, Texas.
Read more on globalnews.ca
News Topics :
Similar Articles :
Business
CALGARY — At a time when building new pipelines has become increasingly challenging, North America’s largest pipeline company is looking to low risk, conservative projects for growth. “We’ve adapted to this...
Business
CALGARY Enbridge Inc. and partner companies have struck a US$2 billion deal to buy about one third ownership in a pipeline system that will carry crude oil from North Dakota to...
Business
Enbridge Inc, Canada’s largest pipeline operator, posted quarterly profit below analysts’ estimates on Friday, as higher operating costs ate into the company’s earnings. The company transported 2.728 million barrels per...
Business
CALGARY The Canadian company whose proposal to build an LNG export terminal in Oregon was derailed by U.S. regulators last year has resubmitted its application for a bigger, more...
Business
FILE In this May 9, 2015, file photo, workers unload pipes for the proposed Dakota Access oil pipeline that would stretch from the Bakken oil fields in North Dakota...