MACKENZIE DELTA GAS PROJECT GETS ENVIRONMENTAL NOD

Canada's National Energy Board has given initial environmental approval for export of as much as 9.2 tcf of natural gas from the Mackenzie Delta. NEB gave the green light following environmental review of planned exports by Gulf Canada Resources Ltd., Imperial Oil Ltd., and Shell Canada Ltd., the companies that own the reserves. Most of the gas is earmarked for U.S. markets. An export project would cost an estimated $11 billion in development and pipeline construction costs. Low gas

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