CALGARY, AB and
INGLESIDE, Texas, Oct. 12, 2021 /PRNewswire/ - Enbridge Inc.
(Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced
the closing of the acquisition of Moda Midstream Operating from
Encap Flatrock Midstream for US$3.0
billion. The acquisition significantly advances the
Company's U.S. Gulf Coast export strategy and connectivity to
low-cost and long-lived reserves in the Permian and Eagle Ford
basins.
The transaction provides Enbridge with a 100 percent operating
interest in the Ingleside Energy Center, and related pipeline and
logistics infrastructure, located near Corpus Christi, Texas, along with a 20 percent
interest in the 670-thousand-barrel-per-day Cactus II Pipeline.
About Enbridge Inc.
Enbridge Inc. is a leading North American energy
infrastructure company. We safely and reliably deliver the energy
people need and want to fuel quality of life. Our core businesses
include Liquids Pipelines, which transports approximately 25
percent of the crude oil produced in North America; Gas Transmission and Midstream,
which transports approximately 20 percent of the natural gas
consumed in the U.S.; Gas Distribution and Storage, which serves
approximately 3.8 million retail customers in Ontario and Quebec; and Renewable Power Generation, which
generates approximately 1,766 MW of net renewable power in
North America and Europe. The Company's common shares trade on
the Toronto and New York stock exchanges under the symbol ENB.
For more information, visit www.enbridge.com.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Media
Michael
Barnes
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Jonathan
Morgan
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Inc.