Enbridge Cuts Tolls on Oil Pipeline System Amid New Competition
- Cuts come after start of expanded Trans Mountain pipeline
- Oil is exported mostly to the US West Coast and Asia
Enbridge storage tanks and pipelines in Hardisty, Alberta.
Photographer: Jason Franson/BloombergThis article is for subscribers only.
Enbridge Inc. cut tolls on Canadian oil export pipelines amid increased competition from a new line running from Alberta to Vancouver.
Companies will be charged $9.4877 a barrel, down from $10.7006 a barrel, to ship heavy crude from Hardisty, Alberta, to Texas on Enbridge’s networks, Canada’s largest export system, according to company filings. The reduction happens after the start of the newly expanded Trans Mountain pipeline system, which can ship 890,000 barrels a day to the British Columbia coast, where the oil is exported mostly to the US West Coast and Asia.