Agreement spells out gas project terms


by Your Alaska Link News Team

JUNEAU, Alaska (AP) - A newly signed commercial agreement anticipates the state's equity share in a major natural gas pipeline project at about 20 to 25 percent.
The agreement, signed by officials with the state, TransCanada Corp., and the North Slope's three major players, spells out terms for a new direction in pursuing the long hope-for gas line project.
The agreement is subject to passage of legislation that at a minimum would allow for contract terms and a confidential process by which the administration could participate in developing those terms.
State officials separately signed an agreement for pipeline services with TransCanada that would replace the existing contract between the parties, pending passage of enabling legislation.
Gov. Sean Parnell last week said he would introduce legislation that would help accomplish what the agreement sets out.

Add a comment


Comment: 1000 Characters Left

Coastal Television | AK News, Weather and Sports | and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.