Seeking Alpha

Companies select site for planned Alaska LNG project

  • Exxon Mobil (XOM -0.1%), BP (BP -0.1%), ConocoPhillips (COP +0.1%) and TransCanada (TRP +0.2%), seeking to advance a multibillion dollar natural gas pipeline project in Alaska, select the Kenai Peninsula town of Nikiski as the leading site for the terminal.
  • The news is seen as a significant step in the decades-old dream of building a natural gas pipeline to rival that of the trans-Alaska oil pipeline, but the companies haven't yet committed to building the pipeline, which could cost $65B or more.
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