- NDE was formed in 2015 for the Rising Sun Corridor project.
- NDE is led by Barry Tunzelmann, C.Tech, President & CEO – Barry is a Commissioned Officer, Canadian Armed Forces Reserve, worked in major construction for 45+ years in management and leadership roles for both the pulp and paper and oil and gas industry.
•Barry Tunzelmann, C.Tech, President & CEO
•James Doody, B. Eng, VP Operations – over 25 years of major project development and execution in the energy industry
•Larson Starlight, VP of External Relations – Larson, a member of Tsuut’ina Nation, is the key contact with the Indigenous communities in both Northwestern Alberta and the Northwest Territories. He has a long experience in Indigenous consultation and is trusted member of the community.
•Lance Mierendorf, CPA, Chief Financial Officer – Lance has been a corporate financial controller in Canada and the Middle East. He has taken private corporations public through the Canadian securities regulatory process.
•David Harmata, P.Eng, VP of Project Development – David was VP of Major Projects for Teck Energy and has had other major project roles in the oil industry. He has managed major projects through development with successful execution.
- 1430km dry natural gas pipeline from Zama City, AB to coast of Richards Island near Inuvik, NWT via a 1km wide energy corridor.
- Undersea pipeline from Richards Island 31kms out in the Beaufort Sea to a self-sustaining LNG plant on a Gravity Based Structure (GBS) on ocean floor.
- A shipping entity and ice breaking service adjacently co-developed to transport LNG to market and provide 365-day access to the LNG manufacturing plant.
- Feedstock gas discussions ongoing with providers from Alberta and the Mackenzie Delta gas system previously developed for Mackenzie Valley Gas in 2014
- 42” pipeline with same method and route as for the Mackenzie Valley Gas project design up to Inuvik.
- Delta gas contains liquids and requires a dryer system at Inuvik to separate the condensates at ~16,000BPD. Pre-Feed will determine strategy.
- Construction planned for winter with innovative modular and construction strategy.
- Up to 14 modular compressor stations built with a Design 1 and Build 14. The pipeline and northern plants have different construction methods minimizing impact on the environment, allowing adherence to schedule and preservation of the Tundra.
- LNG production estimated at 10M tonnes.
- Approximately 1.6Bcft/D of NG use. (Alberta & Delta totals)
- 365 days per year of operations with active ice breaking by heavy ice breakers and ice breaker LNG tankers.
- The plant on the GBS engineered for power by a 350MW power station
- Project estimate cost with contingency = $33B
- Estimate to reach FID = $250-300M
- Full production/sales annual EBITDA earnings at $650/tonne = $5.5B
- Operating costs assumed at 15% of annual gross earnings.
- Fidelity bonding stackable in $5M lots from Lloyds secured for early project.
- D&O insurance liability secured.
- Discussions in process for major LNG offtake agreement with the SE Asia/Asia area with 2 countries.
- Negotiations have begun with major package suppliers (LNG plant/GBS based LNG terminal). Once Pre-Feed begins finalization of LNG proponent will occur.
- One proponent will allow access to funding from their Export Development Fund after FID.
- Inuvialuit, Gwich’In, Sahtu,Tlicho, Dehcho, and Dene.
- Engagement with Communities has begun with early presentations to working committees
- First Nation Communities discussing revitalization of the Aboriginal Pipeline Group
- Equity stake is estimated at 30% for the Nations through the APG or a breakdown of 30% to each Nation involved.
- Inuvialuit has shown preliminary interest becoming pipeline operator increasing potential total Indigenous stake to 60%.
1. Pre-FEED/Feasibility: Q3 2026 – Q3 2028
2. Detailed Engineering: Q2 2028 – Q3 2029
3. Start of Consultation, Permitting and Environmental: Q3 2026
4. Manufacturing Slot Reservation for Major Equipment: Q2 2027
5. Supply of Major Equipment: Q1-2028 – Q1 2030
6. Construction (with Eng overlap): Q2 2027 – Q3 2031
7. Pre-Commissioning: Q3 2029 – Q2 2031
8. Commissioning & startup: Q2 2031 – Q4 2031
9. Initial Production: Q2 2032