Enbridge's Southern Access Extension project featured on CNBC’s Race to Rebuild
For job creation, market access, and helping to build out America’s energy infrastructure, this SAX is hitting the right notes.
Today on CNBC’s Squawk Box program, Enbridge’s Southern Access Extension Pipeline Project – otherwise known as SAX – was featured as part of a live CNBC series called The Race to Rebuild.
CNBC reporter Jackie DeAngelis interviewed SAX project director Jerrid Anderson near Decatur, Ill., regarding Southern Access Extension – a 24-inch-diameter pipeline that will travel 167 miles from our Flanagan Terminal in Pontiac, Ill., to Patoka, Ill.
The $900-million SAX project is creating more than 1,300 jobs during its construction phase, and is expected to enter service later this year with an initial capacity of 300,000 barrels a day. Southern Access Extension is part of our $6-billion Light Oil Market Access program, an initiative to expand access to U.S. refinery markets for growing volumes of light oil, primarily from North Dakota and Western Canada.
At Enbridge, we’re engaged in a $44-billion slate of energy infrastructure projects across North America, in spite of low crude oil benchmarks.
“Even when prices are down . . . the industry still needs that connectivity, that market access,” Anderson tells CNBC.
CNBC’s Race to Rebuild series also focuses on other aspects of the U.S. energy infrastructure, such as power grids and transmission lines and natural gas-fired power plants.
