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CALGARY Canadian pipeline operator Enbridge Inc. notified oil shippers on Wednesday that it would offer capacity for 620,000 barrels a day on its Line 3 starting in October, signalling its confidence of completing the long-delayed project.

The aging pipeline, which Enbridge is replacing, carries oil from Alberta to U.S. Midwest refiners. The replacement will eventually allow Enbridge to double capacity to 760,000 b/d.

Enbridge said in its notice of shippers, seen by Reuters, that its planned capacity is subject to finishing construction activities to replace the aging line in Minnesota.

The initial capacity breaks down to 350,000 b/d for light oil and 270,000 b/d for heavy crude.

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Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 9:58am EDT.

SymbolName% changeLast
ENB-T
Enbridge Inc
+0.33%48.97
ENB-N
Enbridge Inc
+0.36%36.12

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