Brookfield Infrastructure Considers Sale of NorthRiver Midstream; Enbridge Delays Mainline Project
Brookfield Infrastructure is evaluating a sale of NorthRiver Midstream, potentially valuing it at C$7 billion ($5 billion). Meanwhile, Enbridge has postponed its Mainline pipeline expansion, citing insufficient producer commitments.
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Brookfield Infrastructure Corp is exploring the sale of NorthRiver Midstream, which could reach a valuation of C$7 billion ($5 billion). The firm has engaged bankers to gauge buyer interest, though no agreement is guaranteed.
NorthRiver operates pipelines in British Columbia and Alberta, transporting natural gas to Canadian and U.S. markets. In contrast, Enbridge has delayed the second phase of its Mainline crude pipeline expansion due to a lack of significant commitments from Canadian oil producers.
The company will instead focus on enhancing secondary pipeline capacities. The evolving regulatory landscape in Canada may impact future investments in pipeline infrastructure.
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