Enbridge Inc. announced today its decision to build, own, and operate new crude oil and natural gas pipelines in the U.S. Gulf of Mexico. These pipelines are specifically designed to support the recently sanctioned Kaskida development, which is operated by BP Exploration & Production Company.
This strategic move expands Enbridge's existing operations within the U.S. Gulf of Mexico, a region vital for energy production. The investment aligns with the company's efforts to strengthen its presence and cater to rising global energy demands.
The sanctioning of these pipelines underscores Enbridge's commitment to disciplined, low-risk growth opportunities. It is expected to contribute to the company's future EBITDA and reinforce its position as a leading energy infrastructure provider.
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