New Brunswick, with its diverse mix of energy, is evolving into a regional energy hub. Energy investment projects such as Canaport™ LNG, a receiving and re-gasification terminal near Saint John, and Brunswick Pipeline will have far-reaching benefits for the region.
Local economies were stimulated through construction and its related activities with the creation of a temporary workforce of up to 750 people at peak times for the pipeline project alone. Contractors have also drawn on the services of local businesses.
An underground transmission pipeline is the safest and most environmentally responsible way to transport large volumes of natural gas. The Brunswick Pipeline transmission system will increase the amount of natural gas available for customers in the Maritime Provinces.
The addition of a new long-term, secure, natural gas supply will help support and grow the market.
Annually, provincial property taxes are expected to be in the range of $3 million dollars. A portion of property taxes remain with the Province of New Brunswick, however a portion is remitted to the City of Saint John and other communities along the pipeline route.
Brunswick Pipeline expects to contribute approximately:
- $2 million in federal income taxes, and
- $1 million in other provincial taxes