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

  • 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.
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