Enbridge Inc. has entered into a significant joint venture to expand its natural gas pipeline system in British Columbia. The company has partnered with private equity firms KKR and Apollo Global Management to fund the C$2.7 billion ($1.95 billion) expansion.
This collaboration aims to enhance the capacity and reach of Enbridge's existing infrastructure in the Canadian province. The investment underscores the continued demand for natural gas transportation in the region and Enbridge's strategy to leverage external capital for growth projects.