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Enbridge (NYSE:ENB) said Thursday the upcoming expansion of the Trans Mountain pipeline will reduce crude oil flows on its 2.85M bbl/day Mainline oil pipeline by ~10% initially.
The Trans Mountain expansion, which is expected to begin operations in early 2024, initially will lower Enbridge’s (ENB) Mainline volumes by 200K-300K bbl/day, Senior VP Phillip Anderson reportedly told RBN Energy’s export conference in Houston.
The change effectively will cut the toll on the Mainline pipeline by ~$0.75/bbl, Anderson said.
Also, Enbridge (ENB) expects to add ~200k bl/day of capacity to the Gray Oak crude pipeline by the end of this year, and aims to add 2M barrels of crude storage capacity at its Ingleside terminal in Texas early next year, Anderson said.
Enbridge (ENB) reportedly has sharply cut the rates it charges producers to ship crude on the Mainline system before the Trans Mountain expansion starts up next year.
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