[Varcoe] Line Three delay means disappointments for Alberta oil shippers, hurts confidence

[Varcoe] Line Three delay means disappointments for Alberta oil shippers, hurts confidence

The Culture
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[Calgary Herald] News that Enbridge’s Line 3 pipeline project will be delayed until next year serves up another setback to Canada’s embattled oil industry, while shining a spotlight on the province’s plan to boost crude shipments by rail.

VIDEO: [660 NEWS] Line 3 was supposed to be the relief line that would allow Alberta to sell more oil and restore investor confidence. Now it’s delayed, perhaps as long as another year. What it means to Alberta’s oilpatch. [Mar. 3, 2019]


But it still leaves many unanswered questions about the details of the Notley government’s $3.7-billion rail agreement — including whether it’s a good deal given the risks involved.

On Friday evening, Calgary-based Enbridge Inc. announced its Line 3 Replacement Project will not begin operating in the second half of 2019 as planned.

The Alberta-to-Wisconsin pipeline, which will increase the transportation take-away capacity out of Western Canada by 370,000 barrels per day (bpd), is expected to be delayed until the latter half of next year.

The change came after Minnesota authorities updated their own timeline for issuing environmental permits for the pipeline.

Without Line 3 on deck this year, the industry could see demand for crude-by-rail shipments surge above 500,000 bpd, said energy expert Kevin Birn of consultancy IHS Markit.

This article continues at [Calgary Herald] Varcoe: Line Three pipeline purgatory

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