Enbridge joins Marubeni, Teekay and Sea NG in global alliance for marine CNG

Friday, Sep 03, 2010

Sea NG Corporation announced today that Enbridge
Inc. has joined Marubeni Corporation and Teekay Corporation in the Sea NG
strategic alliance for the worldwide deployment of Sea NG's Coselle(TM)
system for the transportation of compressed natural gas (CNG) by ship.

Enbridge is a leader in energy delivery in North America. The company
operates the world's longest oil and liquids pipeline system, and owns and
operates Enbridge Gas Distribution, Canada's largest natural gas
distribution company. Enbridge is also actively involved in natural gas
transmission and midstream businesses and green energy generation. It is
recognized throughout the world for its technical expertise and track record
for developing large energy projects, on-time, on-budget and to the highest
safety and corporate social responsibility standards. "The addition of
Enbridge to the already strong Sea NG Alliance solidifies our ability to
execute on all fronts to complete CNG projects for the benefit of our
customers," said Barrie Wright, Chief Executive Officer of Sea NG.

In addition to joining the Sea NG Alliance, Enbridge has become a
shareholder of Sea NG, and C.J. (Chuck) Szmurlo Jr., Enbridge Vice
President, Alternative & Emerging Technology, has become a member of the
board of directors. "Joining the Sea NG Alliance positions Enbridge to
participate in an innovative and exciting energy delivery business," said
Mr. Szmurlo. "We see great potential for marine CNG to create significant
value for suppliers and consumers of energy in the many markets that are not
economically served with LNG or natural gas pipelines. We are pleased to be
working with Marubeni and Teekay, both global leaders in their industries,
and with Sea NG to develop the world's first commercial marine CNG
projects."

"We welcome Enbridge into the global alliance," said Masaru Kawata, General
Manager of Asia & Offshore Project Investment Sec., Energy & Chemical
Projects Dept., Marubeni Corporation in Tokyo. "We believe that Enbridge's
considerable experience in the operation of gas infrastructure is fully
complementary to our abilities in international project development and
finance, which will help expedite the final contracting of marine CNG
projects that are now under development."

David Glendinning, President of Teekay Gas Services in Vancouver, stated
"With the world economic recovery gaining momentum, I believe that the Sea
NG Alliance will be very well positioned to enter the expanding midstream
market in 2011."

The Sea NG Alliance has marine CNG projects in advanced stages of
development in numerous countries, with leading producers and consumers that
need to transport moderate volumes of natural gas (20 to 500
MMSCF/D--0.6 to 14 MMCM/D) over medium ocean distances (50 to 1100 NM --100
to 2000 KM).

Sea NG Corporation is a Canadian company focused on the implementation of
international marine CNG projects using its proprietary Coselle(TM) system.
Sea NG provides a reliable and economic transportation solution to connect
natural gas reserves with regional energy markets. Sea NG's patented
Coselle(TM) system is the only CNG ship fully approved for construction and
deployment by the American Bureau of Shipping (ABS). For more information,
please visit www.sea-ng.com.

Source: Canada Wire