Enbridge taps global investment firms for $2.7 billion to expand B.C. pipeline system

Enbridge and KKR, along with Apollo-managed funds, formed a joint venture to fund expansions of the Westcoast natural gas pipeline system in Canada. The deal involves a C$2.7bn investment, with KKR and Apollo acquiring a 29% stake. Enbridge will receive C$700m in cash and maintain control. The expansions, set for 2026 and 2028, are backed by long-term contracts and regulatory approvals.

Enbridge Inc. agreed to buy Salt Creek Midstream's crude gathering business for $600M, adding 420K barrels/day capacity. The deal includes assets in the Permian Basin, with completion expected by year-end. Enbridge also reported a CAD 41B secured growth backlog and began construction on the Line 5 relocation project in Wisconsin.

Enbridge Inc. (ENB-T) secured a $2.7-billion investment from KKR & Co. and Apollo Global Management for a 29% stake in its Westcoast pipeline network, facilitating a $4-billion expansion project in B.C. The deal allows Enbridge to recycle capital and maintain financial flexibility, with completion expected by 2028.

Enbridge Inc. has partnered with KKR and Apollo to fund its Westcoast natural gas pipeline system expansions. The investors will contribute $2.7 billion, receiving 29% interest in the system. Enbridge retains majority control and may repurchase the interest between years 7-14. Distributions will begin as each project enters service, starting with Aspen Point this year and Sunrise in late 2028.

Blue Point One, a joint venture between CF Industries, JERA, and Mitsui, started construction on a $3.7B low-carbon ammonia plant in Louisiana. The plant, expected to be the world's largest with 1.4MMt annual capacity, will begin production in 2029. CF Industries is investing an additional $550M in shared infrastructure, while Linde will invest over $400M in an air-separation unit. The project aims to capture 98% of CO2 emissions, making it one of the first to use autothermal reforming technolog

Enbridge has secured C$2.7 billion in financing from KKR and Apollo for its Westcoast natural gas pipeline expansions in British Columbia. The investors will receive a 29% interest in the system, with Enbridge retaining majority control. The deal includes C$700 million in cash to Enbridge at closing and supports its capital-recycling strategy. The expansions are backed by long-term contracts and are expected to increase pipeline capacity to 3.9 Bcf/d by 2028. The transaction is subject to custom