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Thursday, 07/11/2019 9:41:06 AM

Thursday, July 11, 2019 9:41:06 AM

Post# of 63
$ENB Enbridge eases oil volume requirements for Mainline pipeline

Enbridge (NYSE:ENB) says it lowered oil shipping requirements on its Mainline pipeline by nearly two-thirds, a move that should soothe fears from smaller shippers that they would be pushed out by the company's initially higher volume minimums.

ENB now requires minimum volume commitments of 2,200 bbl/day, down from the 6K bbl/day commitment it previously sought, the company tells Reuters.

ENB plans to turn the Mainline oil shipping network from a common carrier system open to all shippers to one mostly contracted for up to two decades; it plans to launch an open season for space in July.
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