By OGJ editors
HOUSTON, Apr. 18 -- Enbridge Inc., Calgary, and PetroChina Co. Ltd. agreed to cooperate on development of a proposed $2.5 billion (Can.) crude oil pipeline to transport 400,000 b/d of Alberta oil sands production to Canada's West Coast, where it would be shipped by tanker to China, elsewhere in Asia, and California.
Enbridge has completed preliminary design work for the proposed Gateway Pipeline.
The memorandum of understanding said Enbridge and PetroChina will develop crude supply initiatives with a target of 200,000 b/d. Enbridge has separate initiatives to obtain commitments from other potential shippers for the rest of the pipeline capacity.
A regulatory application for the 1,160-km line would have to be made in 2006 to achieve a 2009-10 service date, Enbridge said. Enbridge is studying Kitimat and Prince Rupert as British Columbia ports where the pipeline might end.
