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Enbridge aims to grow beyond oil pipelines; eyes gas, international projects

2014-09-30 19:25:30| Energy - Topix.net

Enbridge Inc. is looking to diversify beyond its core North American oil shipping business, eyeing opportunities to grow its presence in natural gas pipelines, power generation and the international space. CEO Al Monaco told shareholders Tuesday its vast oil network will contribute the "lion's share" of earnings through 2018, but Enbridge will look for ways to become a bigger player in areas that only contribute about 10 per cent of its earnings today.

Tags: international eyes projects gas

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