Advertisement

Federal energy regulator approves Enbridge tolling deal for Mainline pipeline system

The Enbridge logo is shown at the company's annual meeting in Calgary on May 9, 2018. THE CANADIAN PRESS/Jeff McIntosh

Enbridge Inc. says the federal energy regulator has approved the tolling deal for its Mainline pipeline system.

It’s the latest milestone after the Calgary-based company reached an agreement with shippers in May of last year.

The now-approved deal sets tariffs for crude oil and liquids shipments starting in Western Canada and delivering across North America.

The Mainline network is Canada’s largest oil pipeline system, accounting for about 70 per cent of the total oil pipeline transportation capacity out of Western Canada.

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

Get weekly money news

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Though demand for shipping on the Mainline has recently been exceeding capacity, pressure on the network is expected to ease once the Trans Mountain expansion project is up and running.

Enbridge’s toll deal is effective until the end of 2028.

Story continues below advertisement
Click to play video: 'Enbridge sells minority stake in 7 Alberta pipelines to Indigenous communities'
Enbridge sells minority stake in 7 Alberta pipelines to Indigenous communities

Sponsored content

AdChoices