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CERAWEEK-Enbridge eyes 120,000 bpd expansion to Gray Oak, Texas oil pipeline by 2025
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CERAWEEK-Enbridge eyes 120,000 bpd expansion to Gray Oak, Texas oil pipeline by 2025
Mar 19, 2024 12:39 PM

March 19 (Reuters) - Energy pipeline company Enbridge ( ENB )

plans to expand capacity on its Gray Oak oil pipeline

by 80,000 barrels per day (bpd) this year and could add another

40,000 bpd in 2025, an executive told Reuters on Tuesday.

The company had originally planned to add 200,000 bpd to the

Texas pipeline, but in February revised downward that target to

between 100,000 bpd and 200,000 bpd.

The Gray Oak pipeline runs between the Permian basin in West

Texas and Corpus Christi, Texas, on the Gulf Coast. Enbridge's ( ENB )

Ingleside Energy Center there is the largest crude oil storage

and export terminal by volume in the U.S.

Enbridge ( ENB ) said it is not concerned about potential

competition at the Corpus Christi hub, where Enterprise Products

Partners is trying to secure licensing for its Sea Port Oil

Terminal (SPOT) export project.

"It's certainly a competitor for Corpus. But given the

advantages of our terminal at Corpus, we are confident Ingleside

can compete well against SPOT," said Colin Gruending, an

executive vice president at Calgary-based Enbridge ( ENB ).

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