News

Northern Gateway pipeline facts and figures

By The Canadian Press

VANCOUVER - Some facts about the Northern Gateway pipeline project:

Its estimated cost is $7 billion and rising.

The 1,177-kilometre twin pipelines would run from Bruderheim, just outside Edmonton, to a tanker port in Kitimat, on the northern coast of B.C.

One pipeline would carry up to 525,000 barrels a day of oil sands products west to Kitimat for export. A second heading east would carry 193,000 barrels per day of condensate, a form of natural gas used to dilute the molasses-like bitumen to allow it to flow through pipelines.

The westbound pipeline would carry synbit, a blend of refined synthetic oil and bitumen, two types of dilbit and synthetic oil.

The Kitimat Marine Terminal would include two ship berths and 19 tanks to store oil and condensate. The facility would have the capacity to serve around 220 tankers per year.

The pipeline would be worth an estimated $300 billion in additional gross domestic product over 30 years.

Governments would net an estimated $80 billion in tax and royalty revenues over those three decades: $36 billion for Ottawa, $32 billion for Alberta and $6.7 billion for B.C. Saskatchewan would net an estimated $4 billion.

The company says the project would result in 3,000 new construction jobs in B.C. and 560 long-term jobs.

Northern Gateway Pipelines is a limited partnership. Calgary-based Enbridge (TSX:ENB) has a 50 per cent stake. The rest belongs to 10 private investors.

Four of those investors remain confidential. National Energy Board documents reveal the other six are: French oil company Total; Suncor (TSX:SU); MEG Energy; Cenovus (TSX:CVE); Nexen (TSX:NXY), the Calgary company taken over last year by Chinese state-owned China National Offshore Oil Co.; and Sinopec, China's largest oil company.

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