Canada's National Energy Board granted approval in December to the proposed Mackenzie Gas Project, which would string a natural gas pipeline from the upper-reaches of the Northwest Territories, Canada, 745 miles south into Northern Alberta. Before the $16.2-billion project can proceed, backers must put in place a funding framework.
"Mackenzie needs to compete on a supply-cost basis with other sources of supply," says Pius Rolheiser, Calgary-based Mackenzie project spokesperson." It remains the critical challenge today to be cost- competitive with shale gas, liquefied natural gas and potential Alaska projects."