Presentation on theme: "A Northern Gas Pipeline: The Big Picture Patrick D. Daniel President & CEO Enbridge Inc. : Far North Oil & Gas Conference September 20, 2001."— Presentation transcript:
A Northern Gas Pipeline: The Big Picture Patrick D. Daniel President & CEO Enbridge Inc. : Far North Oil & Gas Conference September 20, 2001
The Bottom Line n Project economics must be positive and robust n Political / Social issues must be resolved n Either pipeline route can be effectively constructed and operated n Two routes cannot be developed at the same time n There is also an alternative that cant be ignored
Northern Expertise Enbridge built, and since 1985 has owned and operated the only major pipeline in the NWT. Right-of-Way = 869 km (540 mi) Pump stations = 3 Pumps = 6 Employees = 20 2000 payroll = $1.5M 2000 capital investment = $568,000 2000 property taxes = $1.4M 2000 power costs = $760,000 Norman Wells Crude Oil Pipeline
Northern Expertise Cdn $44 million project: Two wells Production facility 50 kilometre pipeline 25 kilometre distribution system 500th customer Aug. 2001 Partners: Inuvialuit Petroleum Corporation AltaGas Services Enbridge Inuvik Gas Enbridge is involved in the production, processing, transmission and distribution of northern natural gas to the Town of Inuvik.
A Continental Energy Issue n North America is headed for a 30-plus TCF market n No single source will meet growth in demand n Continental decision- making required n Northern gas and WCSB are part of a continental supply solution to a continental demand challenge