A ‘positive step’: Enbridge says Canadian portion of Line 3 pipeline is ready for oil

Crews load pipe for Enbridge’s Line 3 pipeline replacement project, near Hardisty, Alberta. CALGARY — Enbridge Inc. is calling for Canadian oil producers to begin filling up its Line 3 oil pipeline, a sign that relief may finally be on the way for oil companies dealing with a multi-year pipeline shortage that has left a glut of crude trapped in Western Canada. “Line fillings underway (on Line 3) and we should be fully operational by Dec. 1 and will start generating cash with the parcel surcharge,” Enbridge president and CEO Al Monaco said on his company’s third-quarter earnings call Friday. “More broadly, though, we’re very pleased that we are putting new pipe in the ground as it enhances overall safety and reliability of the system and gives us more operating flux,” Monaco said. In recent days, Enbridge has called for line fill on Line 3, a pipeline replacement running from Alberta to the Midwestern U.S. that will eventually add 370,000 barrels per day of pipeline capacity out of Canada at a time when all other pipelines leaving the country are chock full. Enbridge still faces additional regulatory steps in the U.S. to finish the American portion of the Line […]

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