Midstream - Storage | Top Story
Enbridge Gets Creative; Offers Storage for Crude on Canada Mainline Pipeline
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Enbridge Inc. is offering crude storage on its Maineline pipeline in Canada as the oil price downturn leaves operators scrambling for a place to put their crude.
According to the company, it is offering operators ~900,000 barrels of capacity (equivalent to ~four standard storage tanks) for an 8-month term.
The section of the line primed for storage is located between the Regina and Cromer terminals in Saskatchewan.
In a statement, Enbridge said: "We have examined our entire system and identified an opportunity to use a portion of the legacy Line 3 pipeline in Canada, between Regina and Cromer, as temporary, regulated storage before the pipeline is decommissioned next year as per our regulatory approval for the Line 3 Replacement Project.
"We are offering approximately 900,000 barrels, or about four standard-sized tanks, for an eight-month term. This temporary solution will safely make this storage capacity available to assist industry until market demand returns towards the end of the year.
"Testing has been completed to ensure that the section of pipe meets all necessary safety protocols to be used as storage. We will also be running an inline inspection tool and conducting integrity digs to ensure the safety of the line."
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