Enbridge eyeing second phase of Canadian oil pipeline expansion

But the company said its Mainline pipeline, which has the capacity to move three million barrels per day of crude from Western Canada to markets in Eastern Canada and the US Midwest, shipped a record 3.1 million bpd on average during the quarter, reflecting strong customer demand for Canadian oil.

Canada’s oil sands industry has shown resilience during the global oil industry downturn, buoyed by years of investment that have made it among the lowest-cost basins in North America.

Canadian oil production hit a record high of 5.1 million bpd on average last year, and Enbridge is forecasting the country will see 500,000 to 600,000 bpd of supply growth by the end of the decade.