Enbridge leadership said that traffic on its network has remained at healthy levels. (Source: Shutterstock)
Enbridge (ENB) dropped its toll from $10.7006/ bbl to $9.4877/ bbl for shipping heavy crude from Alberta to Texas on its network, Bloomberg reported Aug. 21.
The change comes three months after Canada tripled capacity to 890,000 bbl/d on the Trans Mountain Pipeline, which ships crude from Alberta to the country’s west coast for export.
Enbridge leadership said that traffic on its network has remained at healthy levels.
During the company’s second-quarter earnings call on Aug. 2, Enbridge President and CEO Greg Ebel said the company planned to ship 3 MMbbl/d on its network in 2024. Apportionment remained in effect on its Mainline, Enbridge’s primary conduit for crude shipments into the U.S. (Apportionment is a type of rationing for pipeline transport.)
Ebel said the company is designing a capacity expansion of the Mainline in the 2026, 2027 timeframe.
In Vancouver, the Trans Mountain Pipeline is credited for a massive increase in traffic. The number of oil takers passing into the port under the Lions Gate Bridge has increased from two to about 20 each month, according to a local researcher, the Vancouver Sun reported Aug. 21.
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