Enbridge advances u.s. gulf coast strategy with acquisition of north america's premier crude export facility

Acquiring leading u.s. gulf coast light crude export platform, with vlcc capability advantaged location ensures shortest transit times and lowest cost exports immediately and strongly accretive investment, with ~90% contracted cash flows embedded low capital organic expansion opportunities provides future growth development of on-site solar power results in net-negative facility emissions calgary, ab, and ingleside, texas, sept. 7, 2021 /prnewswire/ - enbridge inc. (enbridge or the company) (tsx: enb) (nyse: enb) today announced that it has entered into a definitive purchase agreement with encap flatrock midstream to acquire moda midstream operating, llc (moda) for u.s. $3.0 billion in cash, subject to closing adjustments.
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