Pipelines could be twin dilemma for companies – BiV

Building two projects at the same time could drive labour costs into the stratosphere for Enbridge and Kinder Morgan, analysts say

By the time Enbridge Inc. (TSX:ENB) manages to tick off the 100-plus conditions it must meet before it can start work on the Northern Gateway pipeline, Kinder Morgan Inc. (NYSE:KMI) may have the green light for its Trans Mountain pipeline twinning project.

Not that that’s a problem in terms of competition. There is enough oil in Alberta – and enough customers wanting it – to support the construction of the four pipelines that are proposed for Canada, said Enbridge president Al Monaco.

“If you look at the landscape and the supply profile out ofWestern Canada, it’s pretty clear that we are going to need all of the pipelines that are being proposed,” Monaco said last week.

Read more: http://www.biv.com/article/20140624/BIV0108/306249988/pipelines-could-be-twin-dilemma-for-companies