By Energeticcity.ca staff
Imperial Oil Limited now says it will be 2018 at the earliest, before natural gas could start flowing, from the Mackenzie Valley Gas Pipeline Project.
The National Energy Board is set to decide in September, whether the project should go ahead.
However, after that the backers would need to secure hundreds more permits, before they can begin work.
The Calgary-based company says, it and other firms working on the long-delayed project will likely decide whether to proceed in late 2013.
There is no update on the project’s 2007 cost estimate, of 16 point two billion dollars.
However, an updated market analysis filed with the National Energy Board shows, there will be a long-term need for Arctic gas despite the emergence of prolific shale gas plays across North America.