Enbridge eyes Gulf route
Demand growing; Buying assets seen as better plan than building pipeline
Jon Harding, Financial Post
Published: Thursday, April 05, 2007
CALGARY - Enbridge Inc. is accelerating plans to satisfy a growing thirst for Canadian crude among refineries on the U.S. Gulf Coast and would rather buy existing assets in the United States than build a $4-billion direct pipeline link between Alberta and Texas.