Enbridge forms C$2.7B Westcoast pipeline joint venture with KKR and Apollo

On August 27, 2026, Enbridge reached an agreement with KKR and Apollo to create a joint venture that will finance the Aspen Point and Sunrise expansion programs on the Westcoast natural gas pipeline system in British Columbia. Through the deal, KKR and Apollo will contribute roughly C$2.7 billion, which includes C$0.7 billion in cash paid to Enbridge at closing, in return for an indirect 29% stake in the Westcoast system. Enbridge will keep majority ownership and continue to operate the system, including overseeing the expansion work. The Westcoast system carries natural gas across British Columbia and the U.S. Pacific Northwest, as well as to international markets via liquefied natural gas (LNG).

Westcoast Energy Inc. is an indirect subsidiary of Enbridge Inc. that owns and runs the Westcoast natural gas pipeline system, which has been delivering natural gas throughout British Columbia, Alberta, and the U.S. Pacific Northwest since 1957.

McCarthy Tétrault LLP is advising Westcoast Energy Inc. with a team led by Robin Mahood, Brett Anderson and Kim Brown that includes Randy Schwartz, Simon Douville, Colton Dennis (Tax), Morgan Troke, Robin Sirett, Rob Legge (Business), Deborah Salzberger, and Alykhan Rahim (Competition/Antitrust & Foreign Investment).