Gas Pipelines & Processing Greg Harper President, Gas Pipelines & Processing E n b r i dg e Da y 2 0 1 4
Key Messages Fundamentals drive substantial investment opportunity - Significant North American gathering, processing and pipeline infrastructure required over the next 15 years Assets well positioned to capture significant share…
Asset Base Positioned to capture significant investment opportunities ENF/ENB Gas Pipelines Increasing liquids-rich gas production MEP G&P / NGL Several LNG project proposals Pipelines Significant infrastructure ENB Offshore…
Natural Gas Production Catalyst for Infrastructure Development Bcf/d Unconventional shale and tight gas plays will continue to be focus The Northeast will account for substantial production growth over the next decade WCSB growth…
North American Gas Flows (2013-2025) Evolving gas flows create significant repurposing of assets Gas production driven by NGL-rich gas/crude shales Alliance NGL-rich deliveries maintained to access growing US markets & exports…
NGL Flows Impacted by Same Geographic Supply/Demand Inversion Impacted by increasing gas supply and Crude to Gas Ratio geography 40 30 WTI:HH New & expanded infrastructure required to 20 handle growing supplies 10 0 US Gulf…
Strong Fundamentals Drive Infrastructure Requirements Significant growth opportunities in natural gas and NGL infrastructure US Midstream Infrastructure Investment Base Case Canadian Capital Expenditures 2014 2025 2014 2035 350 30…
Our Strategy Gas pipelines & processing poised to deliver sustainable growth Maximize profitability of existing asset base - Leadership focus and cross asset optimization Leverage existing assets with bolt-on capital projects -…
GP&P Leadership Team Focus on operational excellence and commercial execution President Gas Pipelines & Processing Greg Harper VP Natural Gas VP Integrity & VP VP BD US SVP SVP Sr Director Engineering & EH&S Canadian Midstream…
Canadian Midstream Growth in WCSB gas and NGL production drives significant opportunity Secured - Pipestone Sexsmith (0.3B) - Cabin Phase 1 & 2 (1.1B) - FEED study - NW Alberta Gas Processing Plant 400mm + Growth Opportunities -…
Alliance/Aux Sable/Vector Well positioned to capture WCSB & Bakken rich gas supply growth Btu/cf Horn River 1000 Unique rich gas gathering Montney: 1050-1200 and delivery system Duvernay: 1030-1180 (expandable) Bakken 1200…
Offshore Commercial model & project execution key market differentiator Existing ENB Gas Pipelines Condensate Processing Expansion Commercially Secured Projects Current Targets Prospects Secured / Selected - Walker Ridge / Big Foot…
Expand Scale Through Major Greenfield Opportunities ASAP Alaska Stand-Alone Pipeline ASAP large capital project with low risk contract structure Focus on active development of greenfield solutions within or from prolific basins…
Southern U.S. G&P Positioned for Growth Assets well positioned to benefit from rich gas development Substantial NGL processing capability Bolt-on acquisition opportunities Bakken Tremendous potential from future shale Rockies…
Long-Term Transformation of MEP Risk Profile Demand-based revenue growth is a key strategic priority Risk profile transforms as base business grows and new business is captured - Demand volumes and revenue progressively ramping on…
Key Takeaways Fundamentals drive substantial investment opportunity Enbridge positioned to capture its share of growing opportunities across the gas value chain - Safety and operational reliability remain cornerstone of business…
Q&A Greg Harper President, Gas Pipelines & Processing E n b r i dg e Da y 2 0 1 4