Enbridge Inc (ENB)

At Enbridge, our goal is to be the first-choice energy delivery company in North America and beyond—for customers, communities, investors, regulators and policymakers, and employees.As a diversified energy company, we are uniquely positioned to help accelerate the global transition to a cleaner energy future, and we’re doing it in ways that are ethical, sustainable and socially responsible. We’re advancing new low-carbon energy technologies—including hydrogen, renewable natural gas, and carbon capture and storage. We’re committed to reducing the carbon footprint of the energy we deliver, and to achieving net zero emissions by 2050.We also recognize the importance of a secure, reliable and affordable supply of energy, which we deliver every day through our four core businesses:

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Enbridge Eyes Gray Oak Expansion as Corpus Christi Routes Fill

Enbridge (ENB) held its annual investor day on March 1, announcing a slew of new liquids projects poised to benefit from growing US Gulf Coast exports. One project East Daley Analytics will be watching closely is a proposed 200 Mb/d expansion and extension of the Gray Oak Pipeline to Houston.

Data from our Crude Hub Model shows utilization on Permian-to-Corpus pipelines hit 90% in December 2022, leaving only ~250 Mb/d of unused pipe capacity before shippers max out current infrastructure. Many of these pipes have seen utilization rates steadily increase over the last year as Corpus Christi becomes the preferred Gulf Coast export market for US crude oil supply.

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