Sandpiper future unclear after Enbridge buys into Dakota Access pipeline

Enbridge and Marathon Petroleum announced this week plans to acquire a portion of the Dakota Access Pipeline in a deal that would leave Enbridge’s Sandpiper Pipeline without a major customer.

Enbridge Energy Partners and Marathon Petroleum Corp. have entered into a joint venture to purchase a minority percent interest in the Dakota Access Pipeline and the Energy Transfer Crude Pipeline, which are expected to be complete later this year and would transport crude from the Bakken to Midwest refineries and on to the Gulf Coast.

Upon closing of the $2 billion deal, expected in the third quarter of this year, Marathon Petroleum would terminate its commitment to be the anchor shipper to Enbridge’s Sandpiper project, which has faced numerous regulatory delays in Minnesota.

http://www.bemidjipioneer.com/news/region/4087110-sandpiper-future-unclear-after-enbridge-buys-dakota-access-pipeline