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Marion Burnyeat Vice President, Field Services. October 2 nd , 2013. Spectra Energy. As a midstream leader in B.C. for over half a century, we continue to safely deliver clean, abundant, affordable natural gas. safely deliver clean, abundant, affordable. 1. Safe and reliable operations. 2.
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Marion BurnyeatVice President, Field Services October 2nd, 2013
Spectra Energy As a midstream leader in B.C. for over half a century, we continue to safely deliver clean, abundant, affordable natural gas. safely deliver clean, abundant, affordable. 1 Safe and reliable operations 2 Sustainable value for our stakeholders, communities in which we operate, customers, and employees • Providing long-term value to B.C.
A North American Energy Leader British Columbia • 1,095 employees • Paid $145 million in taxes in B.C. (2012) • Gather and process ~60% of natural gas produced in B.C. North America • 5,400 employees - 3,500 in Canada • Directly serve 1.4 million Canadian homes and businesses • Span 7 provinces and 26 states
North America Proposed LNG TerminalsThe Future of Natural Gas Eight proposed along B.C. coast Two proposed in Nova Scotia Two proposed in Oregon 13 proposed, three permitted to export along Gulf of Mexico One proposed, one permitted to export along U. S. Atlantic coast
Why B.C.? Strengths/Opportunities • Massive gassupply position • Proximity to Asian markets • Well-developed natural gas industry • Supportive governments, rule of law and regulatory process • Market-based environment, open for business • Skilled workforce Challenges • Currently lagging Australia and U.S., no history of LNG export in Canada • Emerging issues on “social license” • Labour supply and cost structure • Large scale project: logistics, port capacity, roads, rail, remote locations
Increasing Capacity to Connect B.C. Gas to Premium Markets Horn River Liard • $4B invested over past 5 years maintaining and expanding our transportation and G&P infrastructure • $7B+ new growth opportunities indentified • Spectra Energy advantage: • Cost-effective expansion of existing facilities • Utilize existing pipeline corridors to consolidate export gas • Experienced project execution teams • Exemplary stakeholder relations • Interconnected with multiple markets and carriers Cordova British Columbia LNG Prince Rupert Montney Station2 Kitimat Alberta EDMONTON CALGARY VANCOUVER SEATTLE PORTLAND
Westcoast Connector Gas Transmission • Spectra Energy-BG Group Project • 850 kilometres • Up to 4.2 billion Bcf/d of natural gas to serve BG Group’s proposed LNG Plant on Ridley Island • Conceptual route developed based on preliminary assessments of environmental, historical, cultural and constructability factors • Almost two years of stakeholder input collected/reflected in planning to date, ongoing consultation a priority • Environmental review process is underway • FID expected 2016 • Well positioned to serve west coast LNG exports Proposed Westcoast Connector Gas Transmission Project
Moving Forward • As a sector leader – we know how important it is to earn our social license and keep Aboriginal Peoples and communities engaged and the environment safe • We see great potential in Western Canada and will be a major player in the development of British Columbia’s northeastern LNG-related infrastructure • This province is sitting on enough natural gas to sustain several generations. In accessing this resource, we make sure to leave this beautiful land the way we found it.
