Based on analysis before the pandemic, there will be at least 570,000bl/d of spare pipeline capacity following the CER ruling
Enbridge loses regulatory decision
Pipeline verdict is music to the ears of many Western Canadian oil producers, but will only add to surplus capacity
Midstream giant Enbridge took a hit at the end of November when the Canada Energy Regulator (CER) ruled against the Calgary-based company’s application to enter into long-term contracts for 90pc of the capacity on its Mainline pipeline system—after being a 100pc month-to-month common carrier since its inception in 1950. The application, filed by Enbridge in December 2019, had the support of many shippers, including large refiners BP and Canadian firm Imperial Oil. On the other hand, most Western Canadian oil producers were vehemently opposed to the changeover, with oil sands heavyweights Suncor Energy and Canadian Natural Resources suggesting it was an abuse of Enbridge’s substantial market
Also in this section
6 March 2025
A timebomb in copper mining should prompt policymakers to rethink road transport before battery-electric vehicles go down a dangerous dead end
5 March 2025
The oil alliance’s decision to keep to the plan amid tightening economic fundamentals seems to have been lost in the global geopolitical maelstrom, misplaced market speculation and haze of conjecture
5 March 2025
Petronas is making huge efforts to arrest falling oil production and accelerate gas increases to meet rising demand, but political tensions persist
5 March 2025
Plans to boost capacity have seen little progress as the country lags behind other major oil consumers and importers
