CERAWeek Canadian crude re-exports from Gulf Coast set to surge with pipeline projects, Enbridge says

Approved and proposed pipeline projects will drive a significant increase in Gulf Coast re-exports of Canadian heavy crude over the next decade, according to the head of Enbridge's crude oil pipeline division. The expected rise in flows will alter crude logistics and export activity at Gulf Coast refining and export hubs and shift U.S.-Canada supply balances. This development has medium-term implications for Gulf Coast refiners, transport providers and companies exposed to heavy crude trade flows.

Analysis

Approved and proposed pipeline projects will drive a significant increase in Gulf Coast re-exports of Canadian heavy crude over the next decade, according to the head of Enbridge's crude oil pipeline division. The expected rise in flows will alter crude logistics and export activity at Gulf Coast refining and export hubs and shift U.S.-Canada supply balances. This development has medium-term implications for Gulf Coast refiners, transport providers and companies exposed to heavy crude trade flows.