Enbridge Takes Stake in Sea NG
By The Canadian Press
Enbridge Inc., known for moving vast quantities of oil and gas across the continent by pipeline, is investing in a different method to get energy to customers: ship.
The Calgary company said Wednesday is taking an equity stake in Sea NG Corp., a Calgary outfit that has developed special technology to transport compressed natural gas via tanker.
“Instead of a pipeline that is stationary on the ground, the pipeline here moves across the waters, “said Chuck Szmurlo, Enbridge’s vice-president of alternative and emerging technology.
Enbridge is joining an alliance that also includes Marubeni Corp., an investment company from Japan, and Teekay Corp., a Vancouver oil and gas shipping company that operates in 16 countries. Financial details of the transaction were not disclosed.
Sea NG has developed a so-called Coselle high-pressure gas storage module that provides safer storage on ships.