VANCOUVER, British Columbia--(BUSINESS WIRE)-- For the past 14 years, Kitsault Energy (KE) has advocated for a dedicated energy corridor extending from Dawson Creek in northeastern British Columbia to Kitsault/Observatory Inlet in northwest British Columbia. The proposed corridor would transport crude oil, natural gas/LNG, natural gas liquids, and other commodities to international markets.
Dr. Suthanthiran, President/Founder of KE, believes in looking at future challenges and addressing them today.
His approach focuses on identifying future economic and infrastructure needs and developing practical, cost-effective solutions before problems arise. Canada needs leadership that focuses on long-term economic opportunities rather than constantly reacting to problems that could have been anticipated and solved decades earlier, frequently leading to solutions that are neither timely nor cost-effective.
Canada currently exports most of its crude oil to the U.S., often at a price disadvantage. In recent periods, Canadian producers have lost as much as CAD $50 per barrel compared with international benchmarks.
As Venezuela increases crude oil production and potentially expands exports to international markets/USA, Canada could face growing competition in the U.S., resulting in revenue losses for Canadian energy companies and reduced tax revenues for provincial and federal governments.
KE proposes a much broader, more strategic energy/commodity export corridor, extending from the Port of Churchill in northern Manitoba to Observatory Inlet/Anyox on Alice Arm Fjord on the northwest British Columbia coast.
KE’s plan includes developing a major deep-water export port and terminal at Kitsault/Observatory Inlet, supported by railway connections and pipeline infrastructure to export crude oil, natural gas, natural gas liquids, LNG, canola, pulse crops, potash, uranium and additional natural resources and commodities.
Rather than investing capital in a pipeline that crisscrosses all of British Columbia solely to transport approximately one million barrels of crude oil daily at an enormous cost, Canada should evaluate the economic and strategic advantages of an integrated, multi-commodity transportation and export corridor.
Several years ago, the former National Energy Board approved two pipeline corridors proposed by Spectra Energy to transport liquid and gaseous fuels from Dawson Creek through to Kitsault. By leveraging this approval for Spectra Energy, strengthening First Nations partnerships, and creating an integrated, multi-commodity export network, KE envisions a transformative economic corridor that will enhance Canada's global competitiveness, diversify international trade, generate long-term prosperity, and secure economic opportunities for future generations.
