Pipeline News North February 2015

VOL. 7 ISSUE 2 DIST: 16,000 SERVING THE OIL & GAS INDUSTRY IN NORTHERN B.C. AND ALBERTA

PIPELINENEWSNORTH.CA

PIPELINE NEWS NORTHPIPELINE NEWS NORTHPIPELINE NEWS NORTHFREE!

FEBRUARY / MARCH 2015

Special Report: Airlines mull new daily lights for Fort St. John, Dawson CreekVOL. 7 ISSUE 1 DIST: 16,000 SERVING THE OIL & GAS INDUSTRY IN NORTHERN B.C. AND ALBERTA


PIPELINE NEWS NORTHPIPELINE NEWS NORTHPIPELINE NEWS NORTHFREE!

january / february 2015

Special Report: Encana doubles down on B.C., investing $600M in Montney

R001697746

Pipeline News North analyzed the proposed LNG projects on the West Coast to bring you the latest on those that are on track and the ones that face delays. Currently 20 projects are vying to export Alberta and British Columbias natural gas to Asia.

A lot has happened since Pipeline News Norths LNG update last April. The number of projects grew by five, to 20, and there is a good chance we will see some Final Investment Decisions

in 2015. This is our overview of the West Coasts 20 LNG projects, and where they stand today. By David Dyck and Matt Lamers.

Dawson Creeks

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R001697746

VOL. 7 ISSUE 2 DIST: 16,000 SERVING THE OIL & GAS INDUSTRY IN NORTHERN B.C. AND ALBERTA


PIPELINE NEWS NORTHFREE!

FEBRUARY / MARCH 2015

Special Report: Airlines mull new daily flights for Fort St. John, Dawson Creek

A final investment decision could be made this year on the first phase of Blue Fuels proposed $2.5 billion gas plant near Chetwynd that would come with 2,000 jobs during construction and 250 to 300 full-time positions once its up and running.

Blue Fuel says it hopes to have an Environmental Assessment Certificate granted by mid- to late 2015. The first phase of the Sundance Fuels project will cost approximately $2.5 billion, and will consist of a plant that

will use natural gas, wind and hydro power to produce reduced-carbon gasoline. By Mike Carter

FID expected this year on $2.5 billion

chetwynd gas plant

Blue Fuel Energy proposes to build a massive $3.8 billion natural gas-to-gasoline plant outside of Chetwynd, similar to the one pictured here in New Zealand.

R003152861

The next Fort St. John Petroleum Association meeting is on March 5, 2015 @ the FSJ Curling Club.

See you there!

Ditmarsia Holdings winners of last years 11th Annual Fort St. John Oilmens 4 on 4 Hockey Tournament.

(Matt Lamers Photo)

(Matt Lamers Photo)

4 PIPELINE NEWS NORTH FEBRUARY 13, 2015

TriBune news serviCe

Fort St. John, B.C.250.785.7907

Toll Free: 1-888-830-9909

Dealer for WESTERN STAR DOEPKER TREMCAR PACESETTERSALES PARTS SERVICE

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Contact: Wayne Doll Sales ConsultantCell: 250.261.9560

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Contact: Ryan Saunders Sales ConsultantCell: 778.256.2117

R001973230

FEBRUARY 13, 2015 PIPELINE NEWS NORTH 5

The following figures were taken from the stories in this issue of Pipeline news north.

PNN NUMBERS$2.60: The AeCO C spot price on Feb. 10.

Chart on Page 7

19: The number of LnG projects based in B.C. after the entry of newTimes energy.

Story on Page 7

$2.5 billion: The price tag for the first phase of a proposed gas plant in Chetwynd.

Story on Page 8

810,000: The number of barrels of oil the international energy Agency expects Ca-nadian oil production to expand by 2020.

Story on Page 11

$3.7 billion: what woodside paid for Apache assets in Australia and northeast B.C.

Story on Page 13

$500 million: The cost of Douglas Channel LnG, which is advancing toward an FiD

this year. Story on Page 14

3: The number of carriers that will service Fort st. John-vancouver if Jetlines makes it

off the ground. Story on Page 18

2018: The year Kitsault energy aims to be in service, shipping LnG from B.C. to Asia.

Story on Page 20

$250,000: northern Gateways donation to the College of new Caledonia (CnC)

in Prince George, to go towards educational programming.

Story on Page 24

70: The number of people who turned out for the last Fo4t st. John Oilmens

Association. Story on Page 25

300,000 gigajoules: The amount of LnG FortisBC will provide to BC Ferries for its

new LnG-powered ferries. Story on Page 28

TriBune news serviCe


PNN The Alberta-B.C. LNG

discount (chart)

U.S. gas price (chart)

B.C. land auction

(chart)

Japan gas price (chart)

Alberta petroleum

land auction (chart)

FID expected this year on Chetwynd gas plant

Less competition helps Fort

Hills costs decline (brief)

MEG beats production targets (brief)

Existing oilsands projects

expected to plow ahead (brief)

IEA FORECASTING CANADIAN OIL SUPPLY GROWTH

Look for PNN on FB: pipelinenewsnorth

12 FORT NELSON OPTIMISTIC AFTER APACHE SALE

14 Douglas Channel LNG advancing toward FID 18 NEW DAILY AIR SERVICE FOR FORT ST. JOHN?

19 NEW DAILY AIR SERVICE FOR DAWSON CREEK?

20 LNG IN B.C. GETS FIRST FID - KIND OF

22 TransCanada looks to local contractors 23 ALLIANCE PRESIDENT TALKS UP LNG IN FORT ST. JOHN.

24 Northern Gateway gives $250,000 to college

25 Fort St. John Oilmen discuss health & hockey

26 Keystone will survive: Jim Prentice

28 FortisBC gets LNG contract for ships

Look for PNN on Twitter @PipelineNN

12

Published monthly by Glacier Ventures International Corp.Pipeline News North is politically independent and a member of the B.C. Press Council. The Pipeline News North retains sole copyright of advertising, news stories and photography produced by staff. Reproduction is prohibited without written consent of the editor.

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#oilsands the charts

Oil price

Despite plunging energy prices, proponents continue to pop up in the race to export British Colum-bias natural gas.

newTimes energy Ltd. applied to the natural energy board (neB) for a 25-year license to export up to 12 million metric tonnes of LnG annually.

newTimes energy is proposing to build a floating facility, located near Prince rupert, according to the license application filed Feb. 11. The facility will consist of up to three LnG trains.

The proposed project is expect-ed to occur in 2019, according to the filing in three stages: 4 MMt in 2019, 8 MMt in 2020 and 12 MMt in 2021.

As far as LnG projects in B.C. go, this would be mid-scale. Other range 30 MMt (wCC LnG) to 1.8 MMt (Douglas Channel LnG).

newTimes is still in working through upstream, mistream and downstream aspects of the proj-ect, and is currently in talks with

investors, gas suppliers, offtakers, and pipeline companies.

The applicant is currently in discussions and negotiations with a view to reaching agreement with a number of invertors, gas sup-pliers, LnG purchasers, pipeline transmission companies, technol-ogy providers, land owners, termi-nal builders and shippers, which are top tier enterprises in their re-spective industries, according to the filing.

The particular business models have yet to be finalized.

newTimes says there is ample supply and demand.

Prospective LnG buyers are looking to acquire reliable long-term supply to meet growing de-mand in their downstream mar-kets, stated the applicant in the 12-page report.

Obtaining the License is an important threshold step in the development of the Project be-cause it will facilitate newTimes ability to enter into long term sales agreements that will in turn enhance the viability of the project.

LNG on PAGE 23

NewTimes Energy Ltd. joins LNG race in B.C.

Left, the Henry Hub Natural Gas Spot Price (dollars per Million Btu). Source: U.S. Energy Information Agency

The Japan LNG Import Price fell to lows unseen since 2011 in December and Janu-ary, following oil prices. Source: World Bank

The AECO C spot price, the Alberta gas trading price. Source: Natural Gas Exchange

alberta spot gas price

The Alberta-B.C. Natu-ral Gas Discount (ABCD) is the difference in price that a BTU of natu-ral gas costs in Tokyo compared to Alberta. It sits at a four-year low of $14.00.

alberta-b.c. lng discount

japan lng import price

u.s. spot gas price

December 2013 to February 2014


December 2013 to January 2014

The price of West Texas Intermediate has fallen dramatically in the past six months, losing more than half its value. Source: U.S. Energy Infor-mation Agency

The BC Oil and Gas Commissions monthly land tender pulled in $2.2 million in Januarys sale. The next sale is Feb. 25.

Albertas oil and gas land tender pulled in $5.5 million in late Jan. The next land sales is Feb. 11. Source: Alberta Energy Regulator

alberta O&G land auction

b.c. o&g land auction

wti price

December 2013 to December 2014


May 2010-February 2015December 2013 to February 2015

David DyckStaff Writer

Its the 19th project that has proposed exporting natural gas to Asia from the West Coast


William JulianREGIONAL MANAGER

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Blue Fuel says it hopes to have an Environmental Assessment Certificate granted by mid- to late 2015. The first phase of the Sundance

Fuels project will cost approximately $2.5 billion, and will consist of a plant that will use natural gas, wind, and hydro power to produce

reduced carbon gasoline. By Mike Carter


chetwynd gas plant

New Zealand Plant: Blue Fuel Energy proposed to build a massive $3.8 billion natural gas-to-gasoline plant outside of Chetwynd, similar to the one pictured here in New Zealand.


R001622840

Blue Fuel says it hopes to have an Environmental Assessment Certificate granted by mid- to late 2015. The first phase of the Sundance

Fuels project will cost approximately $2.5 billion, and will consist of a plant that will use natural gas, wind, and hydro power to produce

reduced carbon gasoline. By Mike Carter


chetwynd gas plantA decision could be made this

year on a proposed $2.5 billion gas plant near Chetwynd that would come with up to 300 full time jobs.

Blue Fuel says it hopes to have an environmental Assessment Certificate granted by mid- to late 2015, and it will make a fi-nal investment decision by the end of the year.

The first phase of the sun-dance Fuels project will cost approximately $2.5 billion, and will consist of a plant that will use natural gas, wind, and hydro power to produce reduced carbon gasoline.

The large natural gas-to-gasoline and methanol plant planned for a 1,055-acre site outside

Chetwynd is projected to cre-ate 1,500 to 2,000 jobs during construction and 250 to 300 full-time positions once its up and running.

The first phase of the sun-dance Fuels project will cost approximately $2.5 billion, and will consist of a plant that will use natural gas, wind, and hydro power to produce reduced carbon gasoline.

The second phase will be lead by Canadian Methanol Cor-poration, and will consist of a second plant on the site, using the same natural gas to pro-duce methanol, which will be sold overseas for use in devel-oping plastics, lubricants and

gels.All told, the capital cost of the

sundance Fuels facilities is pro-jected to be in the range of $3 billion to $4 billion.

The two companies are inde-pendent but will share infra-structure at sundance.

Two hurdles remain for the project: a shortage of local labour, and the lack of a se-cure source for the natural gas.

According to Blue Fuel ener-gys CeO Juergen Puetter, some of the temporary positions may be filled by Temporary Foreign workers (TFws).

we may have to [use TFws for construction]. This is some-thing we are working with our engineering firms on, because we dont know where we are go-ing to get the people from, Pu-etter said in an interview.

He also said site C will make it more challenging to attract a workforce.

Blue Fuels communications director Alan Bryce admits they dont have any firm plans yet on a natural gas source.

we are currently in discus-sion with a couple of potential suppliers, he said.

That is a key element of the equation, but its not going to be very difficult to solve. People want to get rid of their gas up there.

See CHETWYND on PAGE 28


suncor energy inc. says construction costs are falling at Fort Hills, its $15-billion oil-sands mine, as a result of the recent down-turn in project spending across the industry.

The project is experiencing deflation thanks to lower fuel costs and better produc-tivity from a higher-quality workforce that lives nearby, cutting down on the need to fly workers in from long distances, said steve williams, president and chief executive offi-cer, on a conference call to discuss year-end results.

Construction of Fort Hills is going very well, said williams. The project is 25 per cent com-plete; it will be 50 per cent complete by the end of this year. All the partners are support-ing it, all of the partners have approved the details of this years spend and we are seeing what we anticipated, which is improved pro-ductivity and quality in the market so you will see us protecting those large strategic growth projects as long as we reasonably can.

Labour has become more available and there are now more than 3,000 workers at the site, he said.

we havent put out revised numbers but there is definitely a deflationary pressure in the contracting and construction business at the moment, he added.

All critical 2014 milestones were substan-tially completed on schedule and, overall, engineering and procurement progress has surpassed 60 per cent, according to plans, he told callers.

Detailed engineering activities were ap-proximately 65 per cent complete by the end of the fourth quarter.

The majority of long-lead procurement or-ders have been placed and fabrication is pro-gressing as planned with components start-ing to be delivered to site.

Daily Oil Bulletin

Less competition helps Fort Hills costs decline

MeG energy Corp.s annual production for 2014 averaged 71,186 bbls per day, an increase of 102 per cent over 2013 volumes of 35,317 bbls per day, marking the companys seventh consecutive year of annual production gains.

Production rates for the fourth quarter of 2014 increased to a record 80,349 bbls per day from comparative fourth quarter 2013 production of 42,251 bbls per day.

MeG had initially targeted 2014 average pro-duction volumes at 60,000 to 65,000 bbls per day at a non-energy operating cost of $8 to $10 per bbl. with strong performance in the first half of the year, production targets were later upwardly revised to 65,000 to 70,000 bbls per day.

in the fourth quarter production exceeded 80,000 barrels per day. This puts us ahead of our near-term 80,000 barrels-per-day target, which was planned for early 2015, Bill McCaffrey, presi-dent and chief executive officer, said during the companys fourth quarter conference call this morning.

with the strong operating performance that were seeing, were obviously pleased with all the elements of our business that are in our direct control. However, as is the case with the entire in-dustry in Q4, there were challenges from external factors, particularly the dramatic drop in global oil prices.

McCaffrey said that with the successful ramp-up of Christina Lake Phase 2B and the continuing implementation of MeGs riser initiative, the company has built a low-cost production base.

This provides a solid foundation in the current price environment and attractive opportunities in the future, he said.

Daily Oil Bulletin

MEG beats production targets

Although many oilsands developers are cut-ting their capital budgets, projects well un-derway will not only survive current and ex-pected low oil prices but will see their costs fall while smaller, nascent projects are de-layed and deferred, say industry analysts.

Theres no way oilsands mines will shut down regardless of near-term oil prices be-cause their costs are largely fixed and some revenue is better than no revenue, they say.

its a fixed-cost game, Michael Dunn, an analyst with Firstenergy Capital Corp., told the Daily Oil Bulletin.

The projects owners would consider shut-ting down those assets only if they believed the long-term price of oil would be below their cost thresholds, so that the cost of per-manently laying off staff and funding rec-lamation and abandonment liabilities were expected to be less than anticipated future operating losses, said Dunn.

in the 1980s, syncrude Canada Ltd. and suncor energy inc.experienced a few years when oil prices were below their sustaining cash costs but they continued to operate, he noted.

According to Dunn, the cost structure in the Athabasca oilsands region has more than doubled in the past 10 years due to factors such as continued salary escalation, labour availability and lower capacity utilization. He expects that while inflationary pressures will recede with lower oil prices, some mod-est cost-inflation pressures will remain and improved production rates, spreading fixed costs over more barrels, are the only obvious means of offsetting those costs.

Dunn provided the Daily Oil Bulletin with his cash-cost comparison between syncrude, suncor and Canadian natural resources Lim-iteds Horizon mine. He estimates that Hori-zon needs a wTi price of around $60 per bbl (us$52 per bbl) to generate positive, free cash flow assuming zero current tax expense be-fore funding dividends and growth projects.

Daily Oil Bulletin

Existing oilsands projects expected to plow ahead

alberta

CourTESY SuNCor CourTESY MEG


R001697755

Canadian oil production will expand by 810,000 bbls per day to just under five million bbls by 2020, according to an in-ternational energy Agency outlook but low oil prices are hitting its main source for growth oilsands projects.

Offshore projects, too, will see de-lays and cancellations, the ieA said this morning in its medium-term market report.

in contrast to united states light, tight oil (LTO) projects, Canadian output mainstays are projects with long pay-back periods, it noted.

Although oilsands projects in which companies have already invested will not be deterred by lower prices, the ieA said, new projects are unlikely to be sanctioned and will probably be delayed.

Canadas price sensitivity differs great-ly from that of the united states

The oilsands, which account for most of Canadas oil output growth, require

relatively high upfront capital costs and have long lead times. Companies that have already invested in oilsands proj-ects will proceed with them despite low-er prices and there will be an incentive to maximize output in a bid to recoup investment costs, the report stated.

Once cancelled or postponed, oil-sands projects cannot be brought online quickly in response to increasing prices, the ieA noted.

See oIL PrICE on PAGE 26oIL PrICE from PAGE 11

Projects inwhich firms have already invested will not be deterred, the IEA said.

MEGs Christina Lake facility uses steam-assisted gravity drainage to recover bitumen while minimizing surface impacts on the land. CourTESY MEG

Richard MacedoDaily Oil Bullletin

In Canada, where much of the capital spending for projects due to come online by mid-2016

has already been committed, a reduction in spending will affect projects that are slated

to start up beyond that timeframe, says the IEA

IEA forecasting Canadian oil supply growth

alberta


Once the deal closes it will have Chevron one of the biggest oil companies in the world paired

equally with Woodside, one of Australias biggest LNG producers, on the export project

Fort Nelson optimistic after Apache sale

Although no final investment deci-sions were made in B.C.s anticipated liquefied natural gas (LnG) export busi-ness before the close of 2014, Apache did announce that it would be selling its 50 per cent stake in the Kitimat LnG project to the Australian LnG company woodside Petroleum Ltd., a deal that could very well have very a significant impact northern rockies regional Municipality.

The agreement is expected to be fi-nalized in the coming weeks, but once it closes it will have Chevron one of

the biggest oil companies in the world paired equally with woodside, one of Australias biggest LnG producers, on the export project. Apache sold their stake, along with a 13 per cent share of the wheatstone LnG project in western Australia, for a total of $3.7billion.

Zoher Meratla, a B.C.-based LnG consultant, said that this was a positive move for the provinces nascent LnG industry.

woodside has international experi-ence in LnG, it has credibility with pur-chasers, and its a major player, he said. i can tell you firsthand that Apache is a world class company, they simply dont have the LnG credibility that woodside has.

He said that when it came to buyers, that credibility is critical.

Purchasers want to deal with some-body who has done it before, who has the experience in delivering a project on schedule, meeting delivery dates and things like this, said Meratla.

Kitimat LnG was once thought to be the front runner to make a final invest-ment decision, but the project faced a major stumbling block when Apache was forced to sell its shares by activist investors last summer.

The project has been approved by the national energy Board to export up to 24 million tonnes of LnG per year, from a land-based facility on Bish Cove, near the town of Kitimat.

David DyckStaf writer

fort nelson


This project means a lot for the small town of Fort nelson, in the northern rockies regional Municipality (nrrM), since that is where most of the gas for the project would come from.

weve been waiting three years, said Fort nelson mayor Bill streeper. we have had 30 businesses close in Fort nelson in the last two years. with Canfor closing two lumber mills in the town several years ago, LnG is all the municipality has to look for-ward to. we are a one-industry town and that industry is natural gas, said streeper.

if you go back to some of the original announcements, we should have been producing this year, plants completed,

he added. well, we all know thats not going to happen.

The mayor said he was sad to see Apache go, and described the towns re-lationship with them as second to none. They do care about communities. we had many meetings on the effect that Apache would have on our commu-nity, Apache wanted our opinions, he said, adding that although he hasnt met with them yet, he expects the same kind of relationship with woodside in the future.

streeper agreed that the Australian companys interest in B.C. LnG was as a good sign. Theyve got billions and billions of dollars behind them, and theyve got the people that know what

theyre doing, and theres something they see, which is going to be good for our community.

Apache announced in August that they were looking to get out of the LnG business altogether, citing pressure from hedge fund group Jana Partners LLC. since then, theyve continued to sell off oil and gas assets in Louisiana and the Anadarko Basin.

woodside has made other moves on LnG in B.C., filing another export facility project description with regu-lators in August of 2014. This facility would be located at Grassy Point, north of Prince rupert. That projects fate is unknown.

[email protected]

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Things are looking better for once-troubled Douglas Channel LnG, a proposed liquefied natural gas ex-port facility near Kitimat, now that partners in the consortium officially completed the transfer of ownership.

The Douglas Channel LnG Con-

sortium includes AltaGas, Japans idemitsu Kosan Co., Ltd. eDF Trad-ing Ltd., a subsidiary of electricite de France s.A., and Belgium-based LnG shipper eXMAr nv.

Together, they say they are on track to make a final investment de-cision by the end of this year, and start shipping around 2018.

The project is well positioned to

be an early exporter of LnG off the west Coast of Canada with unique competitive advantages, said John rittenhouse, eDF Trading executive, in the press release.

The consortium has also made agreements with Pacific northern Gas Ltd. to pipe the gas to the facil-ity, and Haisla nation for land and water use.

The consortium is excited to ad-vance this small scale floating LnG project and is looking forward to a long and mutually beneficial re-lationship with the Haisla nation, building on the newly signed long-term land and water lot leases, said AltaGas president and COO David Harris.

The province also expressed their

$500 million Douglas Channel LNG advancing toward FID this year


final investment decision


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approval for the new consortium, stating that this was a positive step in B.C.s LnG export industry.

The province of British Colum-bia welcomes todays news that the partners in the Douglas Channel LnG consortium have completed the transfer of ownership and are moving forward on their proposal, said Minister of natural Gas Devel-

opment rich Coleman in a separate release.

AltaGas, a midstream company, is known in the Peace as the operator of the younger gas plant in Taylor and the Bear Mountain wind Park in Dawson Creek.

earlier this year when Premier Christy Clark toured the Peace, she signed a letter of intent with

AltaGas executive John Lowe to use LnG domestically. The com-pany has plans to build small fa-cilities throughout B.C., with the first plant planned for Dawson Creek.

AltaGas and idemitsu are also partners on the much Triton LnG. That proposed project holds a per-mit from the neB to export 2.3 mil-

lion tonnes of LnG per year.AltaGas has also proposed British

Columbias first natural gas lique-faction facility for Dawson Creek, which will be for local consumption. Douglas Channel LnG is one of 21 projects that propose liquefying Ca-nadian natural gas and shipping it to Asia.

[email protected]

The consortium is excited to advance this small scale floating LNG project and is looking forward

to a long and mutually beneficial relationship with the Haisla Nation.

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DLR# 10839

R001972925



Fort St. John has been selected as a possible location for a new low-cost flight service to Vancouver,

while Dawson Creek and Hawkair have entered into talks on adding a daily flight to Calgary

Airlines mull new service for Fort St. John and Dawson Creek

Fort st. John has been selected as a possible location for a new low-cost flight service to vancouver.

it remains to be seen if this will ac-tually leave the hangar, since the air-line in question isnt in possession of its airplanes yet.

in December, the fledgling com-pany signed a purchase agreement to buy 21 planes for Canadian flights.

This week Canada Jetlines put out a map detailing the air corridors it wants to service and Fort st. John was on the list.

Canada Jetlines hopes to begin flying sometime this year.

There are seven locations on the map in B.C. Canada Jetlines would fly straight to vancouver from Fort st. John, but not directly to any loca-tion in Alberta. A flight from Prince George would go to edmonton, then Fort McMurray.

The company plans to offer base airfare below the base airfares of major existing carriers in Canada, their website states and where pos-sible (Jetlines plans to) use non-ma-jor airports in Canada to attract new passengers.

Jetlines intends to select routes which avoid direct competition

with existing carriers in Canada and focus on cost discipline in order to keep operating costs low, their website also states.

Questions sent to Jetlines asking about their decision to put Fort st. John on its list were not returned as of press time.

Currently, there are two carriers westJet and Air Canada that fly to vancouver from Fort st. John.

Jetlines flight map includes lo-cations in California, Cabo san Lucas in Mexico, and locations in Florida.

Jetlines is currently devising a fi-nancing plan.

[email protected]

William StodalkaStaff Writer

Currently, there are two carriers WestJet and Air Canada that fly to

Vancouver from Fort St. John. Jetlines flight map includes locations in California,

Cabo San Lucas in Mexico, and locations in Florida.

Fort St. John Vancouver

fort st. john


It was really evident from the discussions in that event from the industry folks that they would really like to have a flight from Calgaryto Dawson Creek.

The City of Dawson Creek and Hawkair have entered into explor-atory talks on adding a daily flight to Calgary from the Dawson Creek Airport.

High-level meetings with industry officials in Calgary, who have dis-played significant interest in having the flight, are in the works and are likely to happen in a month to six weeks.

were in early stages right now, Hawkair president Jay Dilley said in an interview with the Alaska High-way news. were reviewing the vi-ability of doing a Calgary to Daw-son flight. what were trying to do is were trying to build support for that route. if we can gather enough sup-port for it in the way of presales than well go to launch.

Dilley says that interest for a flight to Calgary from Dawson Creek ex-ists among oil and gas companies

operating in the area. The company will target them first for presales.

Mayor Dale Bumstead said talk of a flight to Calgary first arose during a mayors roundtable meeting last fall.

it was really evident from the discussions in that event from the industry folks that they would really like to have a flight from Calgary to Dawson Creek because of the dif-ficulties they find in transporting their employees when they fly into Grande Prairie or Fort st. John, Mayor Bumstead said.

Bumstead acknowledged that he and councillor Terry McFadyen have been in ongoing discussions with Dilley about the possibility of the flight.

its certainly something were fo-cusing on and trying to build for the community, he said. we see it as an opportunity to create increased business traffic into our community as well as for those people that are trying to get to Calgary to connect

for holidays itd be a great flight to have.

Bumstead notes its encouraging for the city to see a growing interest in the airport.

Once enough firm support has been gathered from the big play-ers in industry, Hawkair would then move towards gauging interest from the public for the flight through pre-sales.

Dilley estimates that presales could open in as little as three months.

it could move very quickly if in-dustry gets on board and it might be a bit slower if it takes longer. Possibly sometime in the spring we would look at [opening presales], Dilley said.

The alternative is nothing hap-pens because there is no interest. But, from what we understand there is significant interest in going to Calgary especially for the industry guys.

[email protected]

Airlines mull new service for Fort St. John and Dawson Creek

Mike CarterStaff Writer

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Proponent of Kitsault Energy, a proposed 20 MTA LNG in B.C. project, says the final decision has been made, but he added some caveats.

Construction is planned to begin in 2016, with the first shipment made in 2018

LNG in B.C. gets first final investment decision kind of

The proponent of Kitsault Energy says hes already made a positive final investment decision on his $10 billion LNG project. The Kitsault facility would have an advantage over those further south. rather than piping the extra kilometers down to Prince rupert or Kitimat, at a cost that he estimated to be $2 to $4 billion more, the pipeline could end at Kitsault Energy. Above, a lake in Kitsault.

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The proponent of Kitsault energy says hes al-ready made a positive final investment decision what would be the first in British Columbia for his proposed 20 MTA project in the once-abandoned village of Kitsault. But the proponent admits the decision comes with some major caveats.

sales contracts have yet to be announced, regu-latory work is far from being completed, no en-vironmental assessments have been conducted for LnG facilities and no deals have been reached with local First nations.

Theres no pipeline or export license, either. if it sounds far-fetched, thats because owner

and entrepreneur Krish suthanthiran says the dy-namics at play when it comes to making a final investment decision for Kitsault energy are differ-ent than other proposed LnG projects.

im an entrepreneur, a private owner, he said. unlike other publicly held multi-national, multi-billion dollar public companies, we already have a place, we already have resources, so thats a big, big start for us, whereas all of them are trying to find a place.

He referred back to the beginning of January of this year when Chinas CnOOC Ltd. decided on a Digby island location near Prince rupert for their export facility.

Aside from meetings with the niskaa First na-tions and attending some leadership election conferences, he hasnt started negotiating with First nations in earnest.

First nations groups are not necessarily mono-lithic, theres a lot of diverse views, so you have to work with each one of them, not just collective, said suthanthiran.

in the crowded field of proponents who hope to liquefy and export northeast B.C.s natural gas, his project is unique in a number of ways.

suthanthiran bought the empty town in 2005. At the time, he didnt think of it as an LnG export facility. it has been abandoned since 1983, but suthanthiran said the existing infrastructure and location of the site gives it an edge over the others.

He decided to move ahead with his plan to ship LnG out of the abandoned mining town two years ago. He says hes certain itll happen, but he still has a long way to go.

How far along is the project? it has made prog-ress in the past year. suthanthiran said he has identified offtakers for the product in Asia, and hes drummed up interest from parties he said can finance the pipeline that would deliver the gas to the coastal facility. now hes working towards

making partnerships with upstream sources in western Canada, and said he hopes to meet with the Calgary mayor and Alberta premier as well as some of the industry leaders in that province.

Our goal is to bring a pipeline from Fort nelson or Dawson Creek or Chetwynd so we can pick up the gas from Alberta . . . and B.C. to the coast, he said.

in terms of who would build the pipeline, suthanthiran said he is looking to get spectra or TransCanada on board.

They have an agreement in place with First nations along the pipeline route, and they already are in the permit process for a multiple pipeline corridor, he said.

Davis sheremata, from TransCanadas external Communications and Media relations depart-ment, said the corporation has no agreements in place with Kitsault energy at this time.

The Kitsault facility would have an advantage over those further south. rather than piping the extra kilometers down to Prince rupert or Kiti-mat, at a cost that he estimated to be $2 to $4 billion more, the pipeline could end at Kitsault energy.

Once he lines up his upstream partners to get the gas out of the ground, his pipeline built to transport it, and his first floating LnG (FLnG) fa-cility up and running in his own deepwater port, he expects the cost to be $10 billion. One FLnG facility is capable of liquefying 5 million tonnes of LnG per year. To go to 20 million tonnes per year were looking at $20 billion investment, he said. And if i have to go to 30 million tonnes per year, then were looking at $30 billion.

Construction is planned to begin in 2016, with the first shipment made in 2018.

if you look at some of the other plants that are looking at 2020 and 2023, i think that we will be well ahead of that, he said.

Asked when he was going to apply for his envi-ronmental Assessment, he said he was confident that many of the previous environmental studies done in the Kitsault area would pave the way.

Kitsault has already been studied many, many times because of the mine, said suthanthiran. Also the government of Canada has studied the environmental impact of a potential port site, so we have a lot of stuff already that we can use.

suthanthiran is optimistic that his near-empty village gives him a major advantage.

what we have in fact is not just a campsite, we have really attractive housing. we will attract some really high quality talent, people that would like to live there longterm, he said.

spectra did not return calls as of press time. [email protected]


Proponent of Kitsault Energy, a proposed 20 MTA LNG in B.C. project, says the final decision has been made, but he added some caveats.

Construction is planned to begin in 2016, with the first shipment made in 2018

LNG in B.C. gets first final investment decision kind of

If you look at some of the other plants that are looking at 2020 and 2023, I think that we will be well ahead of that.

CourTESY KITSAuLT ENErGY


business fort st. john

TransCanadas local contract representative scott Bone was at the Fort st. John Chamber of Commerce lunch to give a timeline of the projects and in-form subcontractors how to get involved.

The two big pipelines are the Prince rupert Gas Transmission (PrGT) project, which would run from near Hudsons Hope to Prince rupert, and the Coastal GasLink project, which would run from Dawson Creek to Kitimat.

The final investment decision (FiD) for the PrGT is expected to come in this year, while the green light for the Coastal GasLink is ex-pected for early 2016, said Bone.

But as soon as that is, theres some other work to be done first.

Before any local companies will start getting those contracts, however, TransCanada will first be hiring three prime contractors, multinational firms that are respon-sible for the construction of the pipelines.

Any prime contractor that wants to bid on a TransCanada contract requires in their bid document to include details around their aboriginal and lo-cal participation program, said Bone.

These plans describe how the contractors will identify and use the local business capacity.

Once the prime contractors are selected, TransCanada will work with them to review exactly how they will incorporate local busi-ness into their construction.

They will be required to provide TransCanada with regular reports of how many local businesses are involved.

That information will be useful to us and also the communities to understand if were meeting our requirements, said Bone.

every time they give you a little bit more information and every time they have anything a little bit new to say, theyre really good about letting you know, said Ben-nett McGuire, the south Peace Operations Manager for D-Tech Line Locators, who attended the

talk. Theyve gone from this is what

were hoping to this is what were doing and now theyre actually saying, This is when we know our prime contractors are going to be awarded and this is who you go talk to to get the business.

McGuire said that his company would be working with the prima-ry contractors.

TransCanada itself doesnt take resumes for the pipeline proj-ects, but it is working on collect-ing a database of northern B.C. businesses.

Once weve gathered all that information well go ahead and share that with our prime con-tractors once theyre selected so that the prime contractors can look into a community like Fort st. John and say, i need weld-ing services, i need pipe valves or i need security services, and theyll be able to identify the companies as a profile of that work through that information that were gathering, explained Bone.

[email protected]

Once weve gathered all thatinformation, well go ahead and share that with our prime contractors once theyre selected so that the prime con-tractors can look into a community like Fort St. John ...

Scott Bone, TransCanadas local contract representative, speaks at a Fort St. john Chamber of Commerce meeting earlier this week. He was in town to explain the process for hiring local contractors once construction begins on the four proposed pipelines in the area. DAvID DYCK PHoTo


TransCanada looks to

local contractors


David Keane, the President of the B.C. LnG Alliance, believes that liquefied natural gas oppor-tunities will constitute the larg-est investment ever seen in this province.

Keane was a featured speaker at the northeast B.C. resource Municipalities Coalition meeting in Fort st. John last week.

Liquified natural gas is a meth-od of cooling down natural gas to easily compressed liquid form to carry it over long distances. Many of Keanes business part-ners in the Alliance are hoping to create projects like these, but

some analysts have cast doubts on all of these projects going through.

Keane, however, remained op-timistic.

i have seven members, so ill say seven (projects will realisti-cally go through).

even though this may happen, there are still some questions that Keanes group wants answered. One of them is the regulatory en-vironment in B.C.

in terms of the fiscal structure, we need more clarity and certain-ty around the LnG tax, he said. we know what the tax rate is, but we dont know whats included in the tax whats deductible, whats not, etc.

Other factors that would need to be addressed would include, with provincial help, how many people to train in what areas, he added.

we need to strike the right bal-ance, to receive fair value for the sale of natural resources, while recognizing enormous technical and financial challenges of proj-ects, he said.

B.C. will be a supplier to many of the large, not only Asian coun-tries, but european countries(LnG buyers) will want to diver-sify their risk, and i think Brit-ish Columbians will have a sig-nificant portion of that supply base.

[email protected]

Alliance president talks up

LNG in Fort St. John

David Keane, the President of the B.C. LNG Alliance, was a featured speaker at a Northeast B.C. resource Municipalities Coalition meeting. WILLIAM SToDALKA PHoTo

fort st. john

William StodalkaStaff Writer

LNG from PAGE 7

newTimes anticipates there will be multiple export arrangements.

newTimes joins the ranks of Kitsault, wesPac, steelhead and Cedar LnG, which have applications to export LnG from B.C.

coast under review by the federal body, while 11 others have been granted licenses.

There have been several new entrants to the LnG export scene in the past several months, but so far no final investment decisions have been made by any of the 19 proponents.

Most experts predict that a small number of

the projects will ever be built. Tanking oil prices in north America, plung-

ing LnG prices in Asia and fierce competition in the global LnG arena are challenging the economics behind British Columbias nascent LnG industry.

[email protected]

B.C. will be a supplier to many of the large, not only Asian countries, but European countries(LNG buyers) will want to diversify their risk ...


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northern Gateway announced that it will be investing $250,000 in the College of new Caledo-nia (CnC) in Prince George, to go towards educational programming.

The funds will allow rural stu-dents in remote and Aboriginal communities the opportunity to take classes without having to trav-el to a main campus, through the Digital Delivery initiative (DDi). The DDi will facilitate real-time lectures from instructors, and al-low students to interact with each other and instructors from across campuses.

The success of the DDi relies on partnerships with local schools,

industry and business, said CnC president Henry reisner in a press release. northern Gateways con-tribution is an investment to-ward better futures for learners in northern B.C.

CnC has six campuses in the central interior of B.C., with the main campus located in Prince George.

northern Gateway has invest-ed over $4.2 million to support skills training and community benefits programs since 2012 ac-cording to Catherine Pennington, northern Gateways senior Man-ager for Community Benefits and sustainability.

northern Gateway has directly invested in more than 115 skills training and capacity develop-ment programs along the corridor since 2012 alone, read the release.

Northern Gateway gives $250,000 to college



[email protected] north Peace

Fort St. John Oilmen

discuss health & hockey

Petroleum Association President Sean Thomas speaks at a meeting. The association is planning their first event of the year, the hockey tournament, scheduled for April 1 to 4. DAvID DYCK PHoTo

The Fort st. John Petroleum As-sociation met last week for their monthly meeting at the Fort st. John Curling Club to talk about the coming year, and listen to Dr. Kimberly Ostero, a local naturo-pathic doctor, talk about mens health.

nearly 70 members braved the blustery winter conditions to en-joy drinks and dinner.

The oilmen are getting ready for their first major event of the year, the hockey tournament tak-ing place April 1-4. President sean Thomas warned that because it falls on easter long weekend, theres a possibility that turnout will be lower. He urged members

who have already signed up to double check they would be able to attend, or let the executive know if they would be gone.

Thomas also encouraged any-one who was interested to apply, even if entry forms are submitted late. You never know, there might be a late entry into the tourna-ment if there is a shortage [of players], he said.

Thomas brought in Ostero to discuss the importance of mens health.

we can look around the room, and just with the nature of the business, the long hours, a lack of daylight and a little bit of every-thing like that stress we all share it, he said.

its something to think about guys, were providing for families, weve got long legacies we want to

leave behind, so take care of your-selves, be healthy a picture of health, like myself, he joked.

Ostero discussed the impor-tance of eating, exercising, and living well, as well as getting check-ups regularly.

Thompson said that with the doctor shortage in Fort st. John, he wanted to get as much information to the member-ship about healthy living as he could.

with the physician crisis weve got going on, its great that people like Kim will come up here and start a practice and find an alter-native way to be able to look after people, said an attendee.

next months meeting will be held at the Lido Theatre on March 5.

[email protected]

We can look around the room, and just with the nature of the busi-ness, the long hours, a lack of daylight and a little bit of everything like that stress we all share it. Its something to think about.


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R001972547


with their long payback periods, oilsands projects also are on the op-posite end of the price-sensitivity spectrum from LTO producers, it said.

in aggregate, Canadas oil output is expected to grow steadily to just un-der five million bbls per day in 2020, up 810,000 bbls per day from 2014. However, lower prices reduced the Canadian supply outlook by about 430,000 bbls per day from the ieAs last report.

in-situ production of bitumen and synthetic crude will lead growth, with the former accounting for an ever-growing share of oilsands output al-though a number of mined bitumen projects, including Phases ii and iii of imperial Oil Limiteds Kearl project, also will contribute.

in 2014, oilsands production ac-counted for more than 50 per cent of Canadas total output and the ieA expects the proportion of bitumen to rise to about 60 per cent by 2020.

natural gas liquids are forecast to grow to 750,000 bbls per day in 2020 from 650,000 in 2014. The increase in nGLs comes amid an expected de-cline in natural gas output through 2016. Producers will continue to fo-cus on the liquids-rich Duvernay shale play in Alberta as they struggle

to meet the need for diluent for oil-sands production, said the ieA.

ethane production in Canada is ex-pected to decline in 2015, but small increases are expected throughout the forecast period.

Canadas ethane production will be limited by cheaper ethane produced in the united states. Although Cana-das nGL growth pales in comparison to that of the united states, it will re-main one of the largest nGL produc-ers in the world.

while oil prices play a major role in Canadas production outlook, a lack of export infrastructure may also pose constraints to growth, the report sug-gested. Particularly in the case of light synthetic oil, producers will need to secure new market outlets and alter-natives to shipping light crude south to the united states. These alternative options include additional capacity to ship crude to Canadian refineries on the Atlantic coast or moving it to British Columbia for possible export to Asia.

Canadian e&P capital spending on liquids is forecast to decline in 2015 to us$79 billion, before increasing in each of the following years through 2020, according to rystad energy-data published in mid-January 2015.

It needs to be said that we have a lot of support down here. We have a lot of public support. Some people have quantified the public support as being close to 70 per cent of the American public.

Keystone will survive: Jim Prentice

while he anticipates the white House to veto the Keystone XL bill that recently passed the u.s. Congress, Alberta Premier Jim Prentice says the pipeline will likely come back before President Barack Obama in the foreseeable future, attached to some other legislation.

i continue to believe the pres-ident will do what he said he would do, which is veto a bill, but i must say that after everyone we have spoken with in washing-ton, there is sort of an inevitabil-ity that if the president vetoes the bill, then the whole Keystone

thing will be put back before him attached to some other measure in the coming months, Prentice told a media conference call from washington.

The premier was in the u.s. capital this week meeting with American legislators, administra-tion officials, and representatives from the banking, energy and en-vironmental policy sectors. He also has speaking engagements at the u.s. Chamber of Com-merce and the Foreign Policy Association.

According to Prentice, he does not intend to insert himself into the u.s. political dynamic re-garding the Keystone XL pipeline debate. rather, his job south of the 49th parallel is to ensure that

Americans are aware of the inte-grated nature of the north Ameri-can energy economy, as well as Albertas strong environmental re-cord as an energy producer.

it needs to be said that we have a lot of support down here. we have a lot of public support. some people have quantified the public support as being close to 70 per cent of the American public sup-porting the Keystone XL pipeline. we have increasing bipartisan support in the senate and House of representatives, and this is all positive.

He added: ive spend a lot of time in washington over the last 10 years, and if the Keystone de-bate has done nothing else, i think it has really focused public

attention on what we are doing in Alberta and the nature of our economy, the energy industry, and the fact we take a lot of pride in our environmental record.

However, Prentice said his wash-ington trip is about more than Keystone XL. He is also discuss-ing the overall integrated nature of Albertas economy with that of the u.s., as the province accounts for 25 per cent of Americas oil im-ports.

Further, two-thirds of foreign investment into Alberta comes from the u.s., as does 60 per cent of tourism into the province, Pren-tice said.

This is a long-term relationship that is about more than a single pipeline.

Carter HayduDaily Oil Bulletin

Natural gas liquids are forecast to grow to 750,000 bbls per day in 2020 from 650,000 in 2014. The increase in NGLs comes amid an expected decline in natural gas output through 2016.

alberta


R001697732

Planned investments in oilsands projects are expected to drop sharp-ly to us$37 billion before reaching us$88 billion by the end of the fore-cast period. The drop in investments in the near-term is price-driven as companies cope with oil prices around $50 per bbl. However, rystad assumes a rebound in prices in 2016 and beyond, leading to an increase in capital spending.

non-OPeC supply growth weakens on lower oil prices

The collapse in oil prices since June 2014, compounded byOPeCs move to suspend its role as swing supplier has forced large-scale revisiting and reprioritization of spending plans across the industry, resulting in lower production growth over the forecast period than previously expected, said the ieA. Overall, non-OPeC supply growth is now expected to be about 2.8 million bbls per day lower than was forecast last year.

OPeCs embrace of market forces has greatly changed expectations of future prices and producer behav-iour, even as the price crash and signs of weak demand growth have put an immediate strain on companies budgets,according to to ieA. indus-try participants will respond differ-

ently to these changed circumstances based on a variety of factors includ-ing the specific costs and economics of their projects, the broader makeup of their asset portfolio, and their ac-cess to capital, the ieA said.

while north America will continue to be the backbone of non-OPeC sup-ply growth in the next six years, lower prices are slowing down investment across the board. non-OPeC produc-tion growth is expected to average roughly 570,000 bbls per day annu-ally though the forecast period. Thats a dramatic slowdown compared with growth of about 1.9 million bbls per day in 2014, an exceptional year in terms of non-OPeC output increases, and down from average growth of one million bbls per day in 2010-2014.

The recent drop in drilling activ-ity across many non-OPeC produc-ers coupled with announced capital spending reductions is a harbinger of the impending slowdown in produc-tion growth, the ieA said.

The downturn in drilling has been particularly evident in the united states, where the number of rigs dropped by more than 200 in the fourth quarter of 2014.

Oil price increases good, but still too low: premier

Oil prices rose on in early Febru-ary, with benchmark Brent crude up as high as $55.62 per bbl during vola-tile trading, which had some investors suggesting the rally put a bottom to the seven-month long rout on the mar-ket, although other investors remained pessimistic.

Prentice is encouraged by these recent increased commodity prices, but the premier told the media conference call that those price levels are still quite low and leaves a substantial hole in terms of Albertas finances.

while $50 oil is better than $40 oil, this still produces a deficit that is fairly sizeable in terms of the Alberta govern-ments budget going forward for 2015-16 and beyond, he said, adding bank and

energy analysts have advised the province that oil prices would remain fairly low for the next year or two.

i dont think the brief rally we have seen at this point changes the fun-damentals of Albertas public finances. we still face a fairly sizeable deficit, and we are going to have to look at a set of balanced measures to deal with that.

Natural gas liquids are forecast to grow to 750,000 bbls per day in 2020 from 650,000 in 2014. The increase in NGLs comes amid an expected decline in natural gas output through 2016.


FortisBC has finalized an agree-ment with BC Ferries to provide three new vessels with liquefied natural gas over the next 10 years.

The utilities provider announced Feb. 2 it would supply 300,000 gigajoules of LnG or the energy equivalent of 7.8 million litres of diesel fuel to the ferry service beginning next year.

it is believed that the natural gas

will come from northeastern B.C., in and around Dawson Creek and

Fort st. John. The LnG will come from an ex-

panded Tilbury facility in Delta and the Mt. Hayes facility on van-couver island.

it would take three Olympic-sized swimming pools to hold 7.5 million litres of water.

The first of the three new ships is expected to enter service in Au-gust 2016, replacing the outgoing Queen of Burnaby and Queen of

nanaimo.The Queen of Burnaby serves the

Comox-Powell river route, while Queen of nanaimo serves the Tsawwassen-Gulf islands route.

The third vessel is expected to be delivered by February 2017 and will help service along the Tsaw-wassen-Gulf islands route.

All three are being built in Po-land and have dual-fuel capability, allowing them to run on both LnG and diesel.

The entire project is slated to

cost $252 million, which includes $51 million allocated to cover tax-es and federal import duties.

FortisBC is providing $6 million in incentive funding for the proj-ect about 2.3 per cent of the to-tal cost.

BC Ferries told Business in van-couver last July that it spent $126 million on diesel fuel in 2013, but internal number-crunching indi-cates it could cuts those costs in half by relying on LnG.

[email protected]

Company to supply BC Ferries with 300k gigajoules of LNG for vessels

FortisBC gets LNG contract

Tyler OrtonBusiness in Vancouver

CHETWYND from PAGE 9

To address the shortage of local labour, CeO Peutter noted that the company is working on a construc-tion design that would see much of the plant built outside of the region, and then transported and installed on site.

whether this will bring down the construction job estimates is unclear at this time. But certainly, construct-ing parts of the project outside of the province will have an impact.

were working on getting as much manufacturing done elsewhere be-cause we dont know where we are going to get the people from, Pu-etter said. There are many variables. we dont know exactly how we are going to handle that one yet.

everything else, from permitting with the Oil and Gas Commission to First nations engagement and sup-port from the District of Chetwynd, are a showing good signs for the project moving ahead.

The plant is currently in the per-mitting stage with the provincial government, and Blue Fuel is work-ing closely with the Oil and Gas Commission, the Agricultural Lands Commission, Canadian national rail and the District of Chetwynd.

Chetwynd Mayor Merlin nichols has thrown his support behind the project.

The company has a Memorandum of understanding (MOu) in place with the west Moberly First nation, which allows both parties to explore additional opportunities and com-mercial benefits arising from the prospective production of renew-

able hydrogen and gas-derived liq-uid fuels on west Moberly First na-tions traditional territory.

The project has also been given what the company terms broad-based support among other Treaty 8 First nations in the region. Puetter notes that similar MOus are close to being completed with the saulteau First nation and the McLeod Lake indian Band.

The negotiations are quite posi-tive, Puetter said, because there are opportunities there for First nations owned spin-off businesses.

One that is particularly suitable for the First nations is, we will be giving them free hot water for green-house growing operations.

Blue Fuel commissioned a study to review the feasibility of using the plants wastewater to heat green-houses to grow crops year round.

i can stand here and say its a wonderful opportunity sure but now we have a third party doing the analysis and it came back better than we anticipated, Puetter remarked. its a very elegant way of taking what is a waste byproduct and making it into something that is green, clean and renewable.

The sundance Fuels plant will draw water directly from the Pine river, just downstream of its conflu-ence with the Murray.

At this point, 800 million cubic metres of water per year is available for industry or agriculture, which is about 10 per cent of the rivers flow. sundance will use 203 per cent of this.

Construction of the plant is esti-mated to take two and a half years. initial production is projected for late 2018. [email protected]

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Documents

Pipeline News North February 2015