"Enbridge is well positioned to participate as a key partner in the Alaska Highway Pipeline Project," said Patrick D. Daniel, President & Chief Executive Officer of Enbridge.
"Our expansive reach into North American energy markets, combined with our significant natural gas expertise and experience with both liquids and natural gas systems in the Far North, are solid foundations for a partnership to deliver Alaskan energy to continental markets. As such, we intend in the coming weeks to file an application with the State to formalize our position as an interested participant in the proposed Alaska Highway Pipeline Project."
"In the months ahead, Enbridge will work in collaboration with producers, the State and other governments to determine the right solution as we explore options for delivering Alaska gas in the most economic and effective way to North American consumers."
Under the Alaska Stranded Gas Development Act (ASGDA), interested parties must file an application with the State to initiate formal negotiations over the commercial terms of an agreement to participate in the natural gas pipeline project. The Act governs pipeline construction and operations for the portion of the project built in Alaska, from Prudhoe Bay to the Canadian border.
Enbridge has indicated to the State it is interested in pursuing opportunities as an equity partner in a consortium with the capacity to build and operate a potential natural gas pipeline in Alaska. Enbridge also is exploring opportunities for development of the pipeline from the Alaskan border to markets in Canada and the U.S.
Enbridge cited a number of strengths that position the company as a strong partner for one of the largest pipeline projects ever proposed in North America:
The application to the State of Alaska is an early first step in a project that will require extensive producer and stakeholder consultation in advance of regulatory processes in the U.S. and Canada. Enbridge is currently engaged in preliminary stakeholder consultation.
Most Popular Articles