Letter to our Unit and Shareholders page two
Organic growth of
our core natural gas gathering and processing operations continues
Throughout the year, we continued to see stead organic growth in the
natural gas production areas in which we operate. Well completions
in the Anadarko, Fort Worth and East Texas basins accelerated while
we successfully and strategically expanded our systems to provide transportation
and processing solutions to our customers.
With this growth in natural gas production forecast to continue, we will complete a second expansion and extension of our East Texas System by the end of 2007. With its access to the booming Barnett Shale and Deep Bossier Sands production regions, this $610 million project will provide new transportation options to downstream markets and new connections with interstate pipelines. We also are increasing processing capacity on our Anadarko System as the Granite Wash area continues to experience rapid growth and development.
We are focused on meeting new pipeline integrity management standards and on improving system efficiencies to achieve optimal performance and operational economics. We are committed to continued high-quality customer service and operational excellence in all our natural gas business operations.
We are capitalizing on these opportunities with the sound financial principles
that mark and Enbridge investment
This is a time of considerable opportunities for the Partnership. We
are expanding our Lakehead System and, in collaboration with Enbridge
affiliates, extending our reach into new refinery markets that are
eager to access increasing crude oil supplies sourced from the Alberta
oil sands. Several of the investments we have made in the gathering,
processing and transportation of natural gas are coming on stream and
starting to generate cash flow. As we advance these projects and evaluate
new opportunities, our focus will continue to be on investments in
energy delivery assets that will increase our distributable cash flow
and provide our investors with long-term rewards.
A growing organization pursuing our vision and strategically positioned
to maintain our role as a leading transporter of energy
We have a strong management team in place to provide the imaginative,
strategic vision needed to drive smart growth and maintain the secure
financial base that our investors expect. Our energetic, skilled employees
continue to efficiently carry out day-to-day operations and to work
effectively with our management team to execute the many growth opportunities
launched in 2006 — and planned for 2007 and beyond.
Energy bridge
The Partnership and its Enbridge affiliates are working with customers
to bridge supply and demand with petroleum and natural gas transportation
systems that are vital to meeting the energy needs of North American
industry and consumers for decades to come.
back