APG is a business deal for ownership in the Mackenzie Valley Pipeline that has been negotiated by Aboriginal people. It works like this:
APG borrows money to pay for our share in the pipeline from a group of banks.
Natural gas producers sign long term shipping contracts with the pipeline and pay a fee to transport their gas from the Mackenzie Delta to Alberta.
Just like the other pipeline owner, APG receives its share of the transportation fees after the operating costs of the pipeline have been paid. APG uses a portion of this money to repay the bank loans and the rest is paid as a dividend to shareholders. Our shareholders utilize these dividend payments at their own discretion; APG has no say how the monies are spent.
The more natural gas that is shipped in the pipeline the more APG earns. When the loans are repaid, we could earn substantially more.
FROM ORIGINAL PAGE
The Aboriginal Pipeline Group was created in 2000 following meetings in
The main reason for creating APG was to offer a new model for Aboriginal participation in the developing economy, to maximize ownership and benefits from a proposed
The proposed Mackenzie Gas Project (MGP) is a privately funded venture launched by partners in the energy industry and Aboriginal groups. To complete this project, the Aboriginal Pipeline Group has partnered with Imperial Oil, ConocoPhillips, Shell Canada and ExxonMobil. It is these private sector partners who will build and maintain a pipeline if it is approved and if it is considered commercially viable.
The entire project is expected to cost approximately $7-billion. The
The Aboriginal Pipeline Group is a business created and owned by Aboriginal groups in the
This is the first time that Aboriginal groups in
By being a part of the Mackenzie Gas Project, APG is making history.
A summary of information on the Mackenzie Gas Project is provided on the project website at: www.mackenziegasproject.com