Enbridge (ENB) announced that it has reached a final investment decision on the Mainline Optimization Phase 1 project. MLO1 will add capacity to the company’s Mainline network and Flanagan South Pipeline to meet customer demand for incremental egress, increasing deliveries of Canadian heavy oil to key refining markets in the U.S. Midwest (PADD II) and Gulf Coast (PADD III). Key details: Expected aggregate capital cost of $1.4B; Adding 150 kbpd of Mainline system capacity; Adding 100 kbpd of FSP capacity;Capacity is anticipated to be available in 2027.
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