Alaska seeks new terms for TransCanada pipeline project

|About: TransCanada Corporation (TRP)|By:, SA News Editor

Alaska is dropping its agreement with Canadian pipeline builder TransCanada (TRP) in a bid to pave a new way forward for a long-hoped for natural gas pipeline.

Alaska Gov. Parnell says a 2007 law was aimed at advancing a project designed for only one project developer, but the liquefied natural gas project now being pursued involves multiple interests.

TRP would continue playing a role but under a different commercial agreement that also would include Exxon Mobil (XOM), BP and ConocoPhillips (COP).