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Enbridge (TSX:ENB) is in focus after VettaFi projected significant growth in North American natural gas demand over the next decade.
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The VettaFi outlook ties higher gas consumption to liquefied natural gas exports, industrial reshoring, and rising electricity use across the region.
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Infrastructure operators such as Enbridge are highlighted in the forecast as potential beneficiaries of increased pipeline and midstream capacity needs.
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The VettaFi natural gas demand projection frames a wider set of trends and pressure points uncovered in recent Enbridge research. Check out 2 warning signs (2 major) that Enbridge investors should know about.
For a broader view on how rising power needs may reshape energy infrastructure opportunities, see related grid-focused stocks via 42 power grid technology and infrastructure stocks.
TSX:ENB Earnings & Revenue Growth as at Oct 2026
Enbridge, a CA$150.1 billion energy infrastructure business, operates pipelines and related assets that move oil and gas across North America, so its footprint sits directly in the path of any shift in long term natural gas usage. For investors watching this news, the company’s role is less about producing commodities and more about owning the networks that move them.
2 things going right for Enbridge that this headline doesn’t cover.
Higher gas demand helps the Enbridge backlog story, but raises the execution bar
The VettaFi forecast reinforces the bullish Enbridge narrative that already leans on a CA$41b secured backlog and roughly CA$50b of identified gas-heavy opportunities through 2030. Stronger demand for North American natural gas makes those pipeline and storage projects look more relevant to the business model built around fee-based transport and storage. It also fits the focus on Westcoast expansions and nearly 90 Bcf of storage projects as key earnings drivers, rather than relying on broad energy themes.
See how these catalysts shape Enbridge’s path to a CA$79.11 fair value.
For this demand story to matter to Enbridge investors in a meaningful way, it will be important to watch whether management can bring the Tallgrass and Salt Creek systems and the large gas expansions into service on time while pulling leverage back toward the 4.5x to 5.0x target range. Any delays or weaker utilization would likely keep balance sheet pressure front and center.
Add Enbridge to your Watchlist and get alerts as these catalysts play out.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ENB.TO.
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Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
