Gray Oak Pipeline LLC Announces Binding Open Season
Gray Oak Pipeline, , a joint venture, announced a binding open season to expand the pipeline by up to 120,000 barrels per day from West Texas to various destinations.
Sentiment and the balance of points
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Rhea-AI Summary
Gray Oak Pipeline, , a joint venture, announced a binding open season to expand the pipeline by up to 120,000 barrels per day from West Texas to various destinations. Enbridge will manage the open season, aiming to connect people to energy sustainably and achieve net zero greenhouse gas emissions by 2050.
Positive
Expansion of up to 120,000 barrels per day increasing capacity and potential revenue.
Focus on modern energy delivery infrastructure and renewable technologies.
Commitment to achieving net zero greenhouse gas emissions by 2050.
Negative
- None.
Details
News Market Reaction – ENB
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The open season will begin May 9 at 9 a.m. CST and end June 28 at 5 p.m. CST.
Enbridge, the pipeline's operator, will manage the open season. Bona fide potential shippers that desire to receive copies of the open season documents must execute a confidentiality agreement by emailing matt.gagnon@enbridge.com.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage and are committed to achieving net zero greenhouse gas emissions by 2050. Headquartered in Calgary,
FOR FURTHER INFORMATION PLEASE CONTACT:
Business Development Matt Gagnon Director, Business Development Email: matt.gagnon@enbridge.com
Media Toll free: (888) 992-0997 Email: media@enbridge.com | Investment Community Rebecca Toll Free: (800) 481-2804 |
View original content:https://www.prnewswire.com/news-releases/gray-oak-pipeline-llc-announces-binding-open-season-302140648.html
SOURCE Enbridge Inc.
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