Valley Crossing began operations in late 2018, with a cross-border connection in the Gulf of Mexico to Mexico’s Sur de Texas-Tuxpan.Īs proposed, Enbridge’s expansion would enable up to 0.72 Bcf/d to be transported to Texas LNG Brownsville LLC, a terminal that would be sited near the border in South Texas. The 2.6 Bcf/d Valley Crossing system expansion would depend on whether a liquefied natural gas (LNG) export project in deep South Texas is sanctioned. “Recent global energy shortages have confirmed again that our assets will remain essential, while our early low-carbon energy investments illustrate how our assets will be a bridge to a cleaner energy future.”Ī C$500 million ($400 million) commitment to expand capacity on the Valley Crossing Pipeline LLC in South Texas topped the growth agenda outlined during the annual investor day presentation in Toronto. “Our assets have been highly utilized, reflecting strong end-user demand and the critical role they play in delivering reliable and affordable energy. Overall corporate growth in the near term is “focused on enhancing existing asset returns, modernizing our assets, and low capital intensity opportunities within our conventional businesses.”Įnbridge’s “strong execution” for this year’s strategic priorities “provides a solid foundation for next year and our three-year outlook,” Monaco said. ![]() “We’re confident that our assets will be an integral source of energy supply for decades to come and are excited by the future low-carbon investment opportunities that we see,” Monaco said. ![]() During the annual investor day, Monaco and the management team detailed initiatives through 2024 to expand infrastructure and fund the emerging low-carbon business.
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