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Enbridge wins pipe links approval

Canada's Enbridge said today it has received industry support to proceed with a pair of projects, including its $2 billion Alberta Clipper pipeline.

The company said in-service timing for the Alberta Clipper project, which it introduced last February, is expected to be late 2009 to mid-2010, while its C$300 million (US$254 million) Line 4 extension project is expected by late 2008.

Enbridge said the Canadian portion of its 450,000 barrel per day Alberta Clipper oil pipeline to the US will cost about C$1.5 billion, while the US portion is expected to cost about $800 million.

The Alberta Clipper could eventually handle capacity of up to 800,000 barrels per day, Enbridge said.

The Line 4 extension project, which will eliminate any bottleneck on the mainline system between Edmonton, Alberta and Hardisty, Alberta, will have capacity of 880,000 bpd, matching capacity at Line 4, Reuters reported.

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