A report in the Japanese media indicates a Canadian consortium, led by Enbridge Inc, has announced plans to lay a 1,200 km pipeline in Canada which will be used to export oil bound for Japan and other Asian countries. The oil is oil extracted from oil sands.
According to the Nikkei English News, “Enbridge has begun discussing with Japanese trading companies and oil companies whether they will invest in the C$2.5 billion (US$1.89 billion) project linking the oil-producing area of Edmonton, Alberta, with Canada’s west coast and buy its oil.”
“The Canadian companies plan to start building the 75 cm diameter pipeline in 2007 and begin transporting 400,000 barrels a day of oil by the end of 2009,” added the report.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
