Companies Release New Details on Pipeline

Gov. Sean Parnell says he's pleased that the companies pursuing a major natural gas project in Alaska have unveiled details of their plans for the multi-billion-dollar project.

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by Associated Press

JUNEAU - Gov. Sean Parnell says he's pleased that the companies pursuing a major natural gas project in Alaska have unveiled details of their plans for the multi-billion-dollar project.

The Republican told a group in Fairbanks the plan laid out Friday is the first time in the state's natural gas history that major energy industry players have together selected a pipeline concept.

In a letter Friday to Parnell, Exxon Mobil Production Co., BP Alaska, ConocoPhillips Alaska and TransCanada Corp., said they were looking at a 42-inch diameter pipeline that would carry up to 3 and a-half billion cubic feet of gas a day. It would have five off-takes along the route.

Parnell had set a Friday deadline for the companies to reveal details of the plan.

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