Arctic Gas Pipeline

From: <Paul>
Date: Wed Jun 18 2003 - 18:23:00 EDT

Deal signed for Arctic gas pipeline
Last Updated Wed, 18 Jun 2003

INUVIK - Plans to build a natural gas pipeline from the Mackenzie Delta in the Northwest Territories to southern Canada moved one large step forward on Wednesday. A deal to fund preliminary work has been reached between northern aboriginals, energy companies and pipeline builders.

TransCanada PipeLines Ltd. has agreed to lend about $80 million to the Aboriginal Pipeline Group for preliminary work on an arctic gas pipeline through the Mackenzie Valley.

The $4-billion project involves TransCanada, the aboriginals and several oil and gas companies.

http://www.cbc.ca/stories/2003/06/18/pipeline_deal030618

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Received on Wed Jun 18 18:23:00 2003