The new CEO of pipeline giant Enbridge Inc. says regulatory uncertainty in this country has resulted in a "lost decade" for Canadian LNG production. Enbridge workers weld pipe just west of Morden, Man., Thursday, Aug. 16, 2018.
In an update of its priorities and financial outlook, the pipeline company says it expects its distributable cash flow per share to grow at an annual rate of about three per cent over the same period. Enbridge also announced plans to build an oil terminal in Houston at a cost of US$240 million and an agreement with Brookfield Infrastructure Partners and Crestwood Equity Partners to buy natural gas storage company Tres Palacios Holdings LLC for US$335 million.
Source: News Formal (newsformal.com)
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