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Canadian Oil Company Evaluating LNG Option

Canada’s Imperial Oil Ltd. is considering the development of an LNG liquefaction terminal as an alternative to their Mackenzie Valley Pipeline project, the premier of the Northwest Territories said yesterday at an energy conference in Calgary. According
September 27, 2006

Canada’s Imperial Oil Ltd. is considering the development of an LNG liquefaction terminal as an alternative to their Mackenzie Valley Pipeline project, the premier of the Northwest Territories said yesterday at an energy conference in Calgary. According to The Financial Post, escalating cost estimates and decreasing natural gas prices are threatening to derail the pipeline project.

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