Natural gas demand will increase by 50 per cent in the next two decades, creating enough room to bring online the Mackenzie pipeline, a senior Exxon Mobil Corp. XOM-N official said Friday.
There is “room for a lot of gas in North America,” said Andrew Swiger, senior vice-president and member of the management committee of Exxon Mobil.
“We see an expanding gas framework that provides plenty of support for projects like the Mackenzie project,” he told a breakfast audience in Calgary.
“And we along with the other proponents of the project continue to work diligently with the communities, the regulators and the government. ... We hope that we will see an outcome to that in the not too distant future.”
Exxon-owned Imperial Oil IMO-T donated $1-million to the School of Public Policy at the University of Calgary, which is directed by Jack Mintz, an Imperial Oil board member.
