• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 1 hour Could oil demand collapse rapidly? Yup, sure could.
  • 7 hours Oil prices going down
  • 1 hour Are EVs Safer Than Combustion Engine Vehicles?
  • 4 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 47 mins What If Canada Had Wind and Not Oilsands?
  • 11 hours Sabotage at Tesla
  • 19 hours Oil and Trade War
  • 15 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 18 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 7 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 4 hours Sell out now or hold on?
  • 6 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 5 hours Nopec Sherman act legislation
  • 7 hours The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 19 hours venezuala oil crisis
  • 19 hours When will oil demand start declining due to EVs?
Oil Markets Turn Bearish Ahead Of OPEC Meeting

Oil Markets Turn Bearish Ahead Of OPEC Meeting

Oil prices fell on Tuesday…

The Bullish And Bearish Case For Oil

The Bullish And Bearish Case For Oil

All eyes in the oil…

Minnesota Begins Public Hearings On Enbridge Line 3 Project

Pipeline

The Minnesota Public Utilities Commission is starting to hold on Tuesday public hearings on the certificate of need and route permit applications for Enbridge’s Line 3 project, in what could be the last hurdle to the company’s plans or a refusal by the state to grant permit for construction works.  

The Line 3 Replacement Program, with a US$4.28 billion (C$5.3-billion) Canadian component and a US$2.9-billion American component, is planned to fully replace 1,031 miles of Line 3 with new pipeline and associated facilities on either side of the Canada-U.S. international border. The U.S. portion of the program is from Neche, North Dakota, through Minnesota, and on to Superior, Wisconsin.

The pipeline project envisages higher capacity and changes in routing in some parts, and this urges opponents of the plan to argue that the replacement project is more like a new pipeline plan.

Canadian oil producers, on the other hand, support the project, saying that it would increase the takeaway capacity of their oil, which is trading at a discount to WTI, partly because of Canada’s limited export capacity.

Related: The Frac Sand Industry Has A Big Problem

Hearings in Minnesota will be held until November 15 and will include groups of landowners, aboriginals, and environmentalists, many of whom are firmly against the project. The Minnesota commission is not due to decide whether it will approve the project until April 2018. If Minnesota denies a construction permit in the state, Enbridge can appeal. Such an outcome, however, would further delay the plan.

Two weeks ago, Minnesota’s Department of Commerce dealt a blow to Enbridge with a report that said the replacement of the Line 3 pipe that runs through the state is unnecessary, as is the pipe itself. The Department of Commerce also believes that the current six-pipeline system that Enbridge runs in Minnesota is enough to accommodate the crude that the state needs over the long term, in light of estimates that show the demand for gasoline and other fuels is unlikely to increase, the department said, adding that local refiners operated near full capacity in any case.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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