• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 8 hours Is the oil & gas industry on the way out?
  • 5 hours In a Nutshell...
  • 10 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 3 days No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 24 mins COVID is real now
  • 6 hours Australian renewables zone attracts 27 GW of solar, wind, battery proposals
  • 2 days Where is Alberta, Canada headed?
  • 2 days Putin Paid Militants to Kill US Troops
  • 3 days A Real Reality Check on "Green Hydrogen"
  • 16 hours Why Oil could hit $100
  • 3 days During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 3 days The Coal Industry May Never Recover From The Pandemic
  • 4 days Why Wind is pitiful for most regions on earth

Canada Approves Enbridge Pipeline Flow Reversal

Enbridge got the go-ahead to reverse the flow of a pipeline that stretches across Canada. The National Energy Board of Canada approved the company’s plan to reverse the flow of its pipeline, which would send 300,000 barrels of crude oil per day from Ontario to Montreal.

This will be the second change in direction, and oil will flow East as it did originally. The Line 9 pipeline originally flowed from East to West, but that was reversed in the 1990’s to bring imported crude oil from overseas to Canada’s western provinces. Over the last decade, however, as Canada’s oil sands output surged, prompting a greater need for infrastructure to bring the heavy oil to market. Thus, Enbridge now hopes to send oil back East to refineries there.

"The board's decision enables Enbridge to react to market forces and provide benefits to Canadians, while at the same time implementing the project in a safe and environmentally sensitive manner," the NEB said in a statement. Environmental groups oppose the project, arguing it poses safety and environmental risks to communities in its path.

Related Article: New Report Finds Oil Sands Production Costs Below U.S. Tight Oil

The $110 million overhaul is also an effort for Canada to diversify its markets. An overreliance on the United States to the south has led to bottlenecks and a glut of oil on the Canadian side of the border. The rapid increase in oil production coming from the Bakken also made it tough for Canada’s oil to reach American markets. Canadian heavy oil regularly trades at a steep discount relative to the Brent or WTI benchmark, owing to an inability to get its oil to market. Sending oil to the East Coast of Canada will provide an outlet.

TransCanada also hopes to build a pipeline from West to East. The $12 billion pipeline, if it goes forward, would not be completed until the end of this decade or so.

By Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News