Canadian regulator approves Mackenzie pipeline

Thu Mar 10, 2011 4:52pm EST
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CALGARY, Alberta (Reuters) - Canada's National Energy Board gave the C$16.2 billion ($16.5 billion) Mackenzie gas pipeline project its final approval on Thursday after the federal cabinet cleared the project.

The NEB granted the Mackenzie line a Certificate of Public Convenience and Necessity, ending a marathon regulatory process that began in October 2004.

The project's backers, which include Imperial Oil Ltd, Royal Dutch Shell Plc, ConocoPhillips, Exxon Mobil Corp and the Aboriginal Pipeline Group, have not yet decided whether to build the line, which would transport gas nearly 1,200 km (750 miles) from the Mackenzie Delta on the Beaufort Sea, to southern markets.

($1=$0.98 Canadian)

(Reporting by Scott Haggett; editing by Rob Wilson)