Enbridge, the North American pipelines and energy transportation company, reported a decline in earnings as it completed sales and acquisitions to swap around its assets and proceeded with natural gas ventures meeting LNG processing demand on the US Gulf Coast.

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Enbridge Inc, the Canadian-based pipelines and energy company, swung to a fourth-quarter profit from a previous loss and more than doubled annual profits as pipeline natural gas and liquids distributions increased amid the purchase of a gas utilities portfolio.

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The new Chief Executive of Canadian pipeline company Enbridge Inc., Greg Ebel, has said that regulatory uncertainty in Canada had resulted in a “lost decade” for Canadian liquefied natural gas production and that US regulators also have to help projects on the Gulf Coast of Texas and Louisiana to move forward.

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