Gray Oak Pipeline LLC Announces Binding Open Season

Rhea-AI Summary

Gray Oak Pipeline, , a joint venture, announced a binding open season to expand the pipeline by up to 120,000 barrels per day from West Texas to various destinations. Enbridge will manage the open season, aiming to connect people to energy sustainably and achieve net zero greenhouse gas emissions by 2050.

Positive

• Expansion of up to 120,000 barrels per day increasing capacity and potential revenue.

• Focus on modern energy delivery infrastructure and renewable technologies.

• Commitment to achieving net zero greenhouse gas emissions by 2050.

Negative

• None.

HOUSTON, May 9, 2024 /PRNewswire/ - Gray Oak Pipeline, LLC, a joint venture among the pipeline system's owners, announced today a binding open season to solicit shipper interest for an expansion of the Gray Oak Pipeline of up to 120,000 barrels per day. The Gray Oak Pipeline is an 850-mile pipeline system extending from West Texas to destination points including Corpus Christi, Ingleside, and Sweeny/Freeport.

The open season will begin May 9 at 9 a.m. CST and end June 28 at 5 p.m. CST.

Enbridge, the pipeline's operator, will manage the open season. Bona fide potential shippers that desire to receive copies of the open season documents must execute a confidentiality agreement by emailing matt.gagnon@enbridge.com.

About Enbridge Inc.

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage and are committed to achieving net zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Business Development                                              Matt Gagnon                                                                 Director, Business Development                                  Email: matt.gagnon@enbridge.com                             Media Toll free: (888) 992-0997 Email: media@enbridge.com

Investment Community  Rebecca Morley Toll Free: (800) 481-2804 Email: investor.relations@enbridge.com

View original content:https://www.prnewswire.com/news-releases/gray-oak-pipeline-llc-announces-binding-open-season-302140648.html

SOURCE Enbridge Inc.

FAQ

What is the Gray Oak Pipeline announcement about?

Gray Oak Pipeline announced a binding open season to expand the pipeline by up to 120,000 barrels per day.

When does the open season start and end?

The open season starts on May 9 at 9 a.m. CST and ends on June 28 at 5 p.m. CST.

Who will manage the open season for Gray Oak Pipeline ?

Enbridge will manage the open season for Gray Oak Pipeline

How can potential shippers receive copies of the open season documents?

Potential shippers must execute a confidentiality agreement by emailing matt.gagnon@enbridge.com to receive copies of the open season documents.