Parnell Raises Concerns with Pipeline Progress

Gov. Sean Parnell says the companies pursuing a major natural gas pipeline project have not met all the benchmarks he has set

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by Brooks Putman

JUNEAU - Gov. Sean Parnell says the companies pursuing a major natural gas pipeline project have not met all the benchmarks he has set.
   
Exxon Mobil Corp., BP, ConocoPhillips and TransCanada Corp. have announced summer field work connected to a proposed liquefied natural gas project capable of overseas exports. The companies said they expect to have spent up to $100 million toward the project by the end of this year.
   
But they didn't meet one of the benchmarks for progress that Parnell set out earlier this year. He had wanted the companies, by spring, to finalize an agreement to advance into an engineering and design phase that would trigger hundreds of millions of dollars in additional spending.
   
Parnell, in a statement, says he's concerned the companies spending commitments don't go beyond 2013.