HOUSTON, Jan. 31, 2019 /CNW/ - Texas COLT, a proposed
joint venture among Enbridge Inc. (NYSE: ENB) (TSX: ENB),
Kinder Morgan, Inc. (NYSE: KMI) and
Oiltanking, today announced that it has submitted an application
with the U.S. Maritime Administration (MARAD) to construct and
operate a deepwater crude oil export port located off the coast of
Freeport, TX.
The Texas COLT Project includes an offshore platform and two
offshore loading single point mooring buoys capable of fully
loading a 2-million-barrel Very Large Crude Carrier (VLCC) in
approximately 24 hours. The offshore facilities will be connected
by a 42" pipeline to an onshore tank farm that will have up to 15
million barrels of storage capacity.
Today's submittal with MARAD begins the application process for
Texas COLT which is planned to be in-service by 2022.
Forward-Looking Statement
Forward-looking
information, or forward-looking statements, has been included in
this news release to provide information about Texas COLT.
Forward-looking information or statements included in this news
release include descriptions of the Texas COLT project. Although
Texas COLT believes these forward-looking statements are reasonable
based on the information available on the date such statements are
made and processes used to prepare the information, such statements
are not guarantees of future performance and readers are cautioned
against placing undue reliance on forward-looking statements. By
their nature, these statements involve a variety of assumptions,
known and unknown risks and uncertainties and other factors, which
may cause actual results to differ materially from those expressed
or implied by such statements. Except to the extent required by
applicable law, Texas COLT assumes no obligation to publicly update
or revise any forward-looking statements made in this news release
or otherwise, whether as a result of new information, future events
or otherwise. All subsequent forward-looking statements, whether
written or oral, attributable to Texas COLT or persons acting on
Texas COLT's behalf, are expressly qualified in their entirety by
these cautionary statements.
About Enbridge Inc.
Enbridge is North America's premier energy infrastructure
company with strategic business platforms that include an extensive
network of crude oil, liquids and natural gas pipelines, regulated
natural gas distribution utilities and renewable power generation.
The Company safely delivers an average of 2.9 million barrels of
crude oil each day through its Mainline and Express Pipeline;
accounts for approximately 62% of U.S.-bound Canadian crude oil
exports; and moves approximately 22% of all natural gas consumed in
the U.S., serving key supply basins and demand markets. The
Company's regulated utilities serve approximately 3.7 million
retail customers in Ontario,
Quebec, and New Brunswick. Enbridge also has interests in
more than 1,700 MW of net renewable generating capacity in
North America and Europe. The Company has ranked on the Global
100 Most Sustainable Corporations index for the past nine years;
its common shares trade on the Toronto and New
York stock exchanges under the symbol ENB.
Life takes energy and Enbridge exists to fuel people's
quality of life. For more information, visit
www.enbridge.com.
About Kinder
Morgan
Kinder
Morgan, Inc. (NYSE: KMI) is one of the largest energy
infrastructure companies in North
America. We own an interest in or operate approximately
84,000 miles of pipelines and 157 terminals. Our pipelines
transport natural gas, refined petroleum products, crude oil,
condensate, CO2 and other products, and our terminals transload and
store liquid commodities including petroleum products, ethanol and
chemicals, and bulk products, including petroleum coke, metals and
ores.
For more information please visit
www.kindermorgan.com.
About Oiltanking
Oiltanking GmbH is a
subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the
fields of energy supply, trading and logistics. Oiltanking is one
of the largest independent tank storage providers for petroleum
products, chemicals and gases worldwide. The company owns and
operates 73 terminals in 24 countries within Europe, North
America, Latin America, the
Middle East, Africa, India, and the Asia-Pacific region. Oiltanking has an overall
storage capacity of 20 million cbm.
www.oiltanking.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Enbridge Inc.
Media
Devin Hotzel
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Jonathan
Gould
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
Kinder Morgan,
Inc.
Media
Dave
Conover
(713)-420-6397
newsroom@kindermorgan.com
Investment Community
Investor Relations
(800) 348-7320
km_ir@kindermorgan.com
Oiltanking
Media
Karl Henrik
Dahl
+49 40 37004-744
karl.dahl@oiltanking.com
Jerry Hardman
281-457-7940
jerry.hardman@oiltanking.com
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SOURCE Enbridge Inc.