Enbridge Energy Partners considers selling U.S. natural gas business as Q1 revenue plunges

, Crisis

Enbridge Energy Partners LP is looking at a possible sale of its main natural gas business in the United States.

HOUSTON — Enbridge Energy Partners LP is looking at a possible sale of its main natural gas business in the United States, which has experienced a 51 per cent decline in first-quarter revenue and a higher operating loss compared with last year.

The Enbridge-run limited partnership, which is primarily involved in transporting oil from Western Canada and North Dakota, says it is reviewing its holdings in Midcoast Energy Partners and Midcoast Operating LP — its main natural gas holdings.

Enbridge Energy Partners also announced a 43 per cent decline in net income and a 26 per cent decline in overall revenue in the first quarter, mainly attributed to weakness in natural gas.

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