Enbridge Poised to Capitalize on Growing Energy Demand, Announces $1.4B Investment in Mainline Network Upgrade

Enbridge Inc. announced its 2025 financial guidance and strategic priorities at its annual investor conference on March 4, 2025, in New York. The company revealed a growing secured investment backlog of USD $20.14 billion, including USD $1.74 billion in new accretive investments.

Key highlights include:

1. Up to USD $1.39 billion investment in the Mainline network through 2028 to enhance reliability and efficiency.

2. USD $277.78 million billion Birch Grove brownfield expansion of the T-North Pipeline in British Columbia, increasing natural gas egress from the Montney basin.

3. USD $69.44 million expansion of the T15 project in North Carolina, doubling its original capacity.

Enbridge is evaluating approximately USD $34.74 billion in diversified future investment opportunities through 2030 across its business segments. The company expects to place about USD $15.98 billion of its secured backlog into service through 2027, with the remainder slated for completion by 2029.

Enbridge CEO said "global energy demand is growing and will require all forms of energy. Enbridge's diversified infrastructure footprint is uniquely positioned to meet this demand, delivering a balance of oil, natural gas and renewable power across 5 countries, 43 states, and 8 provinces."

"Growing demand for all forms of energy is creating opportunities across all four of our franchises, emphasizing the value of scale and diversification. Our continued commitment to operational excellence gives us confidence that we'll continue our track record of securing attractive projects and leading the way as we deliver safe, reliable and affordable energy everywhere people need it," he added.