Enbridge Acquires Full Interest in Garden Banks Gas Pipeline.CALGARY, Alberta -- Enbridge Inc. announced today that its wholly owned affiliate Enbridge (Offshore) Gas Transmission LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has acquired the remaining 20% interest in Garden Banks Gas Pipeline, LLC, from an affiliate of Amerada Hess Corporation. The 30-inch diameter Garden Banks pipeline Garden Banks Pipeline is a natural gas pipeline which gathers gas from the offshore Gulf of Mexico and brings it into Enbridge Pipelines UTOS system, which leads into Louisiana. It is owned by Enbridge. Its FERC code is 148. has a capacity of 1 billion cubic feet per day, and transports production originating from the Auger platform in Garden Banks Block 426, the Enchilada platform in Garden Banks Block 128, and the Baldpate platform in Garden Banks Block 260. The pipeline extends 50 miles from Garden Banks Block 128 to South Marsh Island Block 76 in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east offshore of Louisiana and interconnects with four interstate pipelines to move natural gas onshore. Enbridge Inc. is a leader in energy transportation and distribution in North America and internationally. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has international operations and a growing involvement in the natural gas transmission and midstream businesses. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 4,000 people, primarily in Canada, the United States and South America. Enbridge's common shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. in Canada and on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. in the United States under the symbol ENB. Information about Enbridge is available on the Company's web site at www.enbridge.com . Enbridge Inc. (TSX:ENB) (NYSE NYSE See: New York Stock Exchange :ENB) |
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