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
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
