By Kevin Orland
“It might be strategic from some of these shippers because it would help them gain more clarity on what’s happening on some of the other pipelines that are under development,” Yu said in an interview. “It would be a way for them to gain an advantage as they make decisions going forward.”
Yu reiterated that Enbridge’s plan to lock shippers on the Mainline into contracts of as long as 20 years — a change from the current system, in which space is allocated on a monthly basis — has the support of customers accounting for more than 70% of the volume on the system. The plan will provide shippers with certainty on tolls and market access.
Oil-sands producer Cenovus Energy Inc. and LyondellBasell Industries NV, which owns a Houston refinery that receives crude from the Mainline, were among companies noting their support of the change in filings on Thursday.
The Mainline is Canada’s largest oil pipeline network, with the capacity to ship about 2.85 million barrels a day.