海角吃瓜网

The chief executive of Enbridge Inc. has said that there could be opportunities to build new pipelines in Mexico as the country opens its energy industry up to outside investment.

海角吃瓜网淭hey海角吃瓜网檙e obviously in significant need of pipeline infrastructure,海角吃瓜网� said Al Monaco, adding that goes for both oil and natural gas.

Mexico is in the process of ending the government海角吃瓜网檚 75 year long monopoly over energy through a series of reforms. It hopes private investment and foreign expertise can help revive its oil and gas production, which has been waning.

A delegation of Mexican government officials and business leaders visited Calgary earlier this year to tout the opportunities.

海角吃瓜网淥bviously these changes that have been brought down are very positive in that they海角吃瓜网檙e going to encourage a lot more investment,海角吃瓜网� Monaco said when discussing the company海角吃瓜网檚 second-quarter results.

However, Enbridge has no immediate plans to enter Mexico, he said.

海角吃瓜网淲e海角吃瓜网檙e going to watch to see how these regulations work through and we海角吃瓜网檒l keep our finger on the pulse and see where we go there.海角吃瓜网�

Enbridge rival TransCanada Corp. already has a foothold in Mexico, with two pipelines operating and expansions in the hopper. It, too, has indicated the Mexican reforms could mean opportunities for new projects.

Enbridge executives also discussed the possibility of building a new rail unloading facility in Illinois that would help bring Alberta crude to the US Gulf Coast. Its tentative start-up date would be early 2016.

Edited from various sources by

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