Enbridge postpones the second phase of its Mainline crude pipeline expansion. The expansion aimed to add 250,000 barrels per day of capacity.
Canadian oil producers did not provide significant new output commitments. Producers seek more regulatory and policy certainty for investment decisions.
Enbridge will prioritize two smaller U.S. pipeline expansions. These projects have stronger commercial support.
The company will focus on the 100,000 bpd Flanagan South Expansion. It will also focus on the 50,000 bpd Southern Access Extension.
This strategic pivot reflects a disciplined approach to capital allocation in a volatile market.
The Mainline expansion was originally expected in service by the end of 2028. It is now delayed indefinitely.