The Alaska Highway Pipeline project

As natural gas is becoming the fuel of choice for new electric generation capacity, the demand is increasing rapidly and supply from traditional producing basins is not keeping up. There is a need to connect new sources of gas to the North American grid. Foothills Pipelines Ltd. believe that the gas reserves at Prudhoe Bay and in the Mackenzie Delta will be sent to market at different times via different pipelines. It is also believed that the Alaska Highway Project will be constructed for many valid reasons. Gas development is much more advanced in Alaska than in northern Canada and in addition, the project has already been approved and half of the right-of-way has been acquired. The Alaska Highway pipeline has the support of Alaska and it will follow an existing transportation corridor and will therefore have fewer environmental issues. The Alaskan North Slope has proven reserves of 30-35 Tcf and a production of about 8 Bcfd. During the course of this project, Foothills Pipelines Ltd. will address timing issues, commercial issues, needs of the First nations people as well as the needs of Alaska, Yukon and the Northwest Territories. 11 figs