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 ).