Bloomberg News

Enbridge Studying Potential Colombia Pipeline With Partners

October 05, 2011

Oct. 5 (Bloomberg) -- Enbridge Inc., Canada’s largest pipeline owner, is studying the feasibility of building a pipeline to Colombia’s Pacific coast, said Chief Executive Officer Patrick Daniel.

Enbridge, based in Calgary, is working with “eight or nine” partners to study the possible pipeline to the Pacific Coast, Daniel said in an interview at Bloomberg headquarters in New York today. He declined to name the companies Enbridge is working with.

“When customers provide money for a study that’s a good sign,” he said, responding to a question about how close the company is to an agreement to build the pipeline.

--Editors: Jasmina Kelemen, Steven Frank

To contact the reporter on this story: Jeremy van Loon in Calgary via jvanloon@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net.


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