{"id":28695,"date":"2022-11-03T15:13:01","date_gmt":"2022-11-03T15:13:01","guid":{"rendered":"https:\/\/tankstoragenewsamerica.com\/?p=28695"},"modified":"2022-11-03T15:13:21","modified_gmt":"2022-11-03T15:13:21","slug":"enbridges-u-s-gulf-coast-strategy-continues-to-evolve","status":"publish","type":"post","link":"https:\/\/tankstoragenewsamerica.com\/enbridges-u-s-gulf-coast-strategy-continues-to-evolve\/","title":{"rendered":"Enbridge\u2019s U.S. Gulf Coast strategy continues to evolve"},"content":{"rendered":"

Boosts ownership in Cactus II Pipeline to 30 percent in $265M transaction with Plains All American, Western Midstream Partners<\/strong><\/p>\n

In October 2021, they\u00a0purchased the Enbridge Ingleside Energy Center\u00a0near Corpus Christi, TX, the\u00a0largest crude oil export facility in the United States by volume.<\/p>\n

\"\"<\/p>\n

In August 2022, they\u00a0increased our ownership in the Gray Oak Pipeline, an 850-mile,\u00a0cross-Texas conduit\u00a0that connects the Permian Basin with Texas market centers, including Ingleside.<\/p>\n

And now, a similar ownership boost in\u00a0another Texas long-haul pipeline.<\/p>\n

Today, Enbridge, Plains All-American Pipeline, L.P. and Western Midstream Partners, L.P. announced that\u00a0Enbridge and Plains have purchased Western Midstream\u2019s 15% ownership share\u00a0in the 670,000-barrel-a-day Cactus II pipeline, which travels 575 miles from Wink, TX to Ingleside, for an aggregate $265 million.<\/p>\n

As part of the transaction, Enbridge\u2019s ownership interest in Cactus II rises to 30% from 20%. Plains, with a 70% ownership stake, remains the operator.<\/p>\n

\u201cToday\u2019s announcement is another important step in advancing our USGC strategy to connect growing Permian production to global export markets,\u201d says Enbridge\u2019s Colin Gruending, Executive Vice President and President of our Liquids Pipelines group.<\/p>\n

\u201cThe Cactus II pipeline specifically adds to our advantaged light oil integrated value chain providing low-cost access to the best markets for our shippers.\u201d<\/p>\n

Cactus II, in combination with Ingleside, provides a premier and industry-leading solution to deliver abundant, responsibly produced North American energy supplies to the U.S. Gulf Coast and global markets.<\/p>\n

Ingleside, with three deep-water vessel berths\u00a0and proximity to open water and international shipping lanes, has the fastest loading rates in the U.S. Gulf Coast, at 160,000 barrels per hour.<\/p>\n

Gray Oak, which began operations in 2019, has an average annual capacity of 900,000 barrels per day, with Enbridge holding a 58.5 percent ownership interest.<\/p>\n

For more information visit www.enbridge.com<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Boosts ownership in Cactus II Pipeline to 30 percent in $265M transaction with Plains All American, Western Midstream Partners In October 2021, they\u00a0purchased the Enbridge Ingleside Energy Center\u00a0near Corpus Christi, TX, the\u00a0largest crude oil export facility in the United States by volume. In August 2022, they\u00a0increased our ownership in the Gray Oak Pipeline, an 850-mile,\u00a0cross-Texas…<\/p>\n","protected":false},"author":3,"featured_media":28696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[224,234],"tags":[232,235],"post_series":[],"acf":[],"_links":{"self":[{"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/posts\/28695"}],"collection":[{"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/comments?post=28695"}],"version-history":[{"count":2,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/posts\/28695\/revisions"}],"predecessor-version":[{"id":28698,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/posts\/28695\/revisions\/28698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/media\/28696"}],"wp:attachment":[{"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/media?parent=28695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/categories?post=28695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/tags?post=28695"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/tankstoragenewsamerica.com\/wp-json\/wp\/v2\/post_series?post=28695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}