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Idb review
- 1. Alberta’s Competitiveness and Key Industry Sectors
- 3. Alberta: an Engine for Canadian Economic Growth Epicenter for investment Per capita investment 91% above Canadian average in 2010 Leader in Growth Conference Board forecasts Alberta’s growth to lead nation at 3.8% between 2012 and 2015
- 13. Moving up the Value Chain
Notes de l'éditeur
- Enbridge Northern Gateway Pipeline (Northern Gateway) is proposing to construct and operate a pipeline project to provide tidewater access to important new markets for Canadian crude oil. There are significant and lasting economic benefits from West Coast access for all Canadians Regulatory application submitted May 2010 Independent review process being led by the National Energy Board (NEB) and the Canadian Environmental Assessment Agency (CEAA) The Minister of the Environment and the NEB appointed three individuals to the Joint Review Panel for the Project application Information sessions will be held for the public and Aboriginal groups from June 6, 2011 to July 15, 2011 Final hearings are slated for summer 2012 The connection to the world that this pipeline provides should be part of our national vision for a prosperous future. This project will provide real long-term economic benefits to generations of Canadians. The Pipelines Oil Pipeline · 1,177 km in length · 914 mm (36 inch) diameter · Westerly flow · Transport oil from Bruderheim, Alberta to Kitimat, British Columbia · Capacity of 525,000 barrels per day Condensate Pipeline · 1,177 km in length · 508 mm (20 inch) diameter · Easterly flow · Transport imported condensate from Kitimat to Edmonton area
- The project would provide very strong strategic value to Canada. Foreign investments by Asian companies would likely increase with tide water access on Canada’s west coast. Currently __ Asian companies have invested $___ billion in the oil sands. The project will result in strong contributions to GDP and employment on a national scale over many years – decades in fact.
- The Northern Gateway Project is at a critical point to strengthen Canada’s position as a global energy producer If approval is granted in a timely manner, the project could theoretically be on stream by 2016. However, given the many barriers being erected to the project, the operational date could be pushed further into the future.
- Results of a feedstock study show that Alberta is well positioned: The largest supply will continue to be traditional gas based feedstocks, primarily ethane Off-gas supply potential is very large under scenarios where upgrading is favoured Syngas supply is constrained by cost, not feedstock availability Alberta’s gas price advantage supports methane-based projects (gas-to-liquids, methanol) that are building blocks for further downstream investments