Enbridge’s Gateway to Asia Re-opens
Enbridge is moving ahead with a multibillion-dollar plan to ship Crude to Asia from the Alberta oil sands. Having secured C$100mln in funding from oil sands producers and Asian refiners for the Gateway pipeline, the company will file its regulatory application for the pipeline in Q1 2009.
The pipeline had been suggested some time ago but was shelved as Enbridge focused on its US expansion projects. The proposal was dusted off early this year as interest from refiners in Japan and Singapore ignited, according to a company statement.