Alaska seeks new terms for TransCanada pipeline project

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).

From other sites
Comments (3)
    , contributor
    Comments (5167) | Send Message
    Another score for BP and COP !
    10 Jan 2014, 06:57 PM Reply Like
  • bobby44
    , contributor
    Comments (502) | Send Message
    If this project ever gets done trp is still the one to build the pipeline. bp and cop will build/operate the terminal facilities. The pipeline will probably have a different route in ak. and therefore be less expensive to build and operate. If this is a financial go there will be fewer obstacles because it is in one jurisdiction.
    10 Jan 2014, 08:13 PM Reply Like
  • jculley
    , contributor
    Comments (659) | Send Message
    This will never get built. They've been talking about it since I was born in 76 and there still isn't even an agreed upon route. We need the natural gas in Fairbanks but aren't nearly a large enough market to justify a large diameter line.


    The oil companies don't want to build it and the state can't afford to give price guarantees.
    11 Jan 2014, 12:39 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs