On May 19, 2016, the National Energy Board approved Kinder Morgan’s (KMI-N, no research coverage) proposed expansion to its Trans Mountain pipeline (TMX), with 157 conditions. If built, the pipeline would provide 590,000 b/d of additional capacity between Alberta’s oil reserves and Pacific markets from California to China. We believe that Enbridge’s Line 3 Expansion (L3R) and one additional export pipeline (possibly TMX) need to begin construction in the near term to provide adequate export capa ....
20 May 2016
NEB Approves Trans Mountain Expansion, With Conditions
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NEB Approves Trans Mountain Expansion, With Conditions
Enbridge Inc. (0KTI:LON) | 0 0 0.9% | Mkt Cap: 73,275m
- Published:
20 May 2016 -
Author:
Steven I. Paget -
Pages:
3
On May 19, 2016, the National Energy Board approved Kinder Morgan’s (KMI-N, no research coverage) proposed expansion to its Trans Mountain pipeline (TMX), with 157 conditions. If built, the pipeline would provide 590,000 b/d of additional capacity between Alberta’s oil reserves and Pacific markets from California to China. We believe that Enbridge’s Line 3 Expansion (L3R) and one additional export pipeline (possibly TMX) need to begin construction in the near term to provide adequate export capa ....