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Enbridge, Enterprise Expand Gulf Coast Pipeline Plans: report

Enbridge Inc (ENB.TO), which closed Tuesday close to a year high $37.30, and U.S.-listed Enterprise Products are seeking to expand their U.S. Seaway pipeline network in the race to ease a crude oil supply glut in the Midwest by shipping it to the Gulf Coast refining hub, Reuters reported.

The companies will be seeking binding commitments from shippers to expand their Seaway pipeline partnership, which will carry crude produced in Canada and North Dakota from Cushing, Oklahoma to Houston, Texas once it is reversed, according to a joint press statement released on Tuesday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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