From British Columbia to the Gulf of Mexico, accelerating global trade in liquefied natural gas (LNG) has become a significant growth driver for the Enbridge Inc. pipeline network, reports Natural Gas Intelligence.
Enbridge is already developing the Cameron Extension Project in Louisiana to transport feed gas to Venture Global LNG Inc.’s Calcasieu Pass LNG terminal, which is under construction. The pipeline giant has also since clinched an agreement to build delivery for another proposed LNG terminal on the Gulf Coast – Venture’s Plaquemines LNG facility.
“It’s clear we are at an inflection point in global energy markets,” says Enbridge CEO Al Monaco in a statement. “Demand continues to grow, which combined with underinvestment in new supply, is driving energy shortages and higher prices.” Read the entire story.