Alberta Looks to Spur New Pipelines by Guaranteeing Barrels

Bloomberg
01-07

(Bloomberg) -- Alberta’s government plans to directly dedicate barrels of oil for new pipeline projects in a bid to accelerate the expansion of production in the western Canadian province. 

To support the construction of new pipelines, the province may dedicate barrels of crude it acquires from producers in lieu of cash as royalty payments or use oil that the government aggregates from smaller producers, Premier Danielle Smith said at a press conference on Monday with Enbridge Inc. Chief Executive Officer Greg Ebel. 

Accelerating pipeline development would support the province’s goal of doubling its oil and gas production, Smith said. 

“Our intention would be to provide that guarantee to show how serious we are about getting these lines built,” she said. 

Alberta signed a letter of intent with Enbridge and will form a working group with the Alberta Petroleum Marketing Commission, which manages oil acquired as royalties, the province said Monday. The group will evaluate future “egress, transport, storage, terminalling and market access opportunities” across the Enbridge pipeline network to move more Alberta oil and gas to Canada and the US.

In addition to Enbridge, the province is in discussions with other pipeline companies about offering similar guarantees for new pipeline projects, and those guarantees would also extend to natural gas, Smith said. 

Smith has been seeking to show Alberta as a reliable supplier of fossil fuels to the US, in an effort to reach out to the incoming Trump Administration, which is threatening to apply tariffs on Canada and Mexico.

©2025 Bloomberg L.P.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10