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$Enbridge(ENB.US)$ US Regulators Gives Green Light for Enbridge's Louisiana Venice Pipeline: Report
Benzinga· 1 min ago
Enbridge Inc.'s (NYSE:ENB) Texas Eastern Transmission subsidiary reportedly received approval from the U.S. Federal Energy Regulatory Commission (FERC) to start a natural gas pipeline service related to its Venice extension project in Louisiana.
The U.S. Energy Information Administration (EIA) said that the Venice extension would have a capacity of around 1.3 billion cubic feet per day (bcfd) and cost about $500 million, reported Reuters.
The 3-mile (4.8-kilometer), 36-inch (91.4-centimer) Venice extension is meant for supplying gas to Venture Global LNG's Plaquemines liquefied natural gas (LNG) export plant.
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