Alaska Natural Gas Pipeline Message Board

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Gold/Mining/Energy : Alaska Natural Gas Pipeline

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From: Dennis Roth	10/1/2005 9:59:46 AM
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Imperial Oil seeks more aid for Mackenzie pipeline Industry source says federal government officials are shocked at the firm's demands By DAVE EBNER Thursday, September 29, 2005 Page B3 theglobeandmail.com Excerpts: But one industry source said that federal government officials are shocked at the demands. "The ask was significant," said a senior pipeline industry executive. "Folks in Ottawa cannot believe the balls on Exxon, especially in this high-price environment. Exxon went in with the ask because their whole project proposal is based on something in the neighbourhood of $2.50 (U.S.) gas, and they're absolutely refusing to budge from that presumption." "Asking for fiscal breaks when natural gas is at $13, it's a tough sell," Mr. Handley said. Public hearings on the pipeline won't begin until January at the earliest. Imperial in November plans to say whether it is ready, and the National Energy Board then needs two months to organize everything.

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