Enbridge has reached an agreement with investment firms KKR and Apollo to help finance the expansion of its Westcoast pipeline system, according to a report from Castanet. The deal was announced on Thursday, August 27, 2026.
Castanet reports that the agreement brings in the two private equity and asset management companies as funding partners for the project. The Westcoast pipeline is a major natural gas transmission network operating in British Columbia, and the expansion is intended to increase its capacity.
The involvement of KKR and Apollo signals a significant external investment in the pipeline infrastructure. Neither the specific financial terms of the deal nor the projected cost of the expansion were detailed in the Castanet report.
The Westcoast system plays a key role in moving natural gas from northeastern British Columbia to domestic and export markets. Enbridge has been seeking partners for large capital projects as it manages its balance sheet and funding requirements.
Castanet’s report is based on the company’s announcement, and no further details on the timeline for the expansion or the regulatory status of the project were provided in the available information.
Observers will be watching for additional disclosures from Enbridge on the scope of the expansion and how the partnership with KKR and Apollo will be structured. The deal could also signal a broader trend of institutional investors taking stakes in midstream energy infrastructure.
