archiveEnbridge

Upcoming Investments

Enbridge eyes $20 billion in new investments amid global energy crunch

Enbridge confirmed in its earnings release that it has seen a surge in customer interest in export capacity at its Ingleside terminal near Corpus Christi, Texas.   The largest crude oil storage and export facility in the US, according to Reuters.   Ebel told analysts, as reported by the Financial Post, that exports are running at roughly 6m barrels per day amid the conflict, and suggested structural demand for Gulf Coast export infrastructure will persist even after the conflict ends.   Even after the conflict ends, Ebel said, the question is “how much more reliance there will be...