Northern Gateway not likely up and running by 2018, project president says

|By:, SA News Editor

The president of the Northern Gateway pipeline says the possibility of a 2018 start-up date is “quickly evaporating," since Enbridge (NYSE:ENB) - the company building the project - is focused on getting support from First Nations groups along the pipeline’s route through British Columbia.

Northern Gateway, which has been in the works for six years, received regulatory approval in June, but ENB clearly is in no hurry to put shovels in the ground.

If built, Northern Gateway would ship 525K bbl/day of diluted oil sands crude from the Edmonton area to Kitimat, B.C., where the oil would be loaded onto tankers and shipped to Asia.