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).

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Comments (3)
  • BAHAMAS1
    , contributor
    Comments (5132) | Send Message
     
    Another score for BP and COP !
    10 Jan 2014, 06:57 PM Reply Like
  • bobby44
    , contributor
    Comments (489) | 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 (643) | 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
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