Alberta forming working group with Enbridge to increase oil production
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The Government of Alberta has signed a letter of intent with Enbridge, which will form a working group with the Alberta Petroleum Marketing Commission (APMC).
The group is expected evaluate future egress, transport, storage, terminalling and market access opportunities across more than 29,000 kilometres of the Enbridge network in an effort to move more Alberta oil and gas to Canadians and American partners, officials say.
The government says Alberta currently delivers more than 4.3 million barrels per day to the U. S., but it hopes to increase that through preserved and added pipeline capacity and increased crude oil production.
“The world needs more Alberta oil and gas, and we need to make sure Alberta is meeting those needs,” says Alberta Premier Danielle Smith. “Our objective of doubling oil production aligns with Enbridge’s plans to enhance its existing pipeline systems and we look forward to partnering with them to enhance cross-border transport solutions. This will also allow us to play a role in supporting the United States in its energy security and affordability goals.”
