Enbridge spends $150M on Suncor tankage expansion

To handle growing volumes from Firebag 4 and 5

September 28, 2012   by CANADIAN PRESS

CALGARY — Enbridge Inc. is expanding tankage at its Athabasca Terminal to accommodate growing production from two of Suncor Energy Inc.’s oil sands projects in northern Alberta.

The Calgary-based pipeline giant says the $150-million expansion includes a 350,000-barrel tank and other infrastructure.

Construction began in July and the expansion is expected to be in service in mid-2013.

Suncor and Enbridge have signed an agreement that will see the pipeline company recover all operating costs, a return on equity and all of its invested capital.

The expansion is meant to handle growing volumes from Suncor’s Firebag 4 and Firebag 4 developments.

© 2012 The Canadian Press

Print this page

Related Stories