BC Gas plans pipeline for Alberta oil sands projects
CALGARY, Alberta, Jan 15 (Reuters) - BC Gas Inc. (Toronto:BCG.TO - news) said on Tuesday it planned to build an C$800 million ($500 million) pipeline to ship tar-like bitumen to Edmonton, Alberta, from several new oil sands projects in the province's northeastern Athabasca region.
BC Gas, which is already building the Corridor line to ship bitumen from Shell Canada Ltd.'s (Toronto:SHC.TO - news) major oil sands development, said its proposed Bison Pipeline would have initial capacity of 100,000 barrels a day, expandable to 450,000 barrels a day.
The company said it was involved in engineering studies with such oil sands developers as TrueNorth Energy, owned by Koch Industries, and Petro-Canada (Toronto:PCA.TO - news), and that it planned to file regulatory applications in July.
That schedule would allow the pipeline to be in service in mid-2005, BC Gas said.
($1 equals $1.60 Canadian)
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