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A Northern Gas Pipeline: The Big Picture

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. Project economics must be positive and robust Political / Social issues must be resolved

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A Northern Gas Pipeline: The Big Picture

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  1. A Northern Gas Pipeline:The Big Picture Patrick D. Daniel President & CEO Enbridge Inc. : Far North Oil & Gas Conference September 20, 2001

  2. The Bottom Line • Project economics must be positive and robust • Political / Social issues must be resolved • Either pipeline route can be effectively constructed and operated • Two routes cannot be developed at the same time • There is also an alternative that can’t be ignored

  3. Enbridge:North and South America Jose

  4. 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

  5. Northern Expertise Enbridge is involved in the production, processing, transmission and distribution of northern natural gas to the Town of Inuvik. Inuvik Gas 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

  6. A Continental Energy Issue • North America is headed for a 30-plus TCF market • No single source will meet growth in demand • Continental decision-making required • Northern gas and WCSB are part of a continental supply solution to a continental demand challenge

  7. The Alternatives

  8. Hot Topics • Routing • Will two routes go ahead at the same time? • Northern Route is feasible • Pipeline ownership • Regulatory process

  9. Success requires: • Continental decision-making • Robust project economics • Common understanding • Cooperation of all stakeholders

  10. The need for a broad perspective.

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