9/16/2009

Executives with TransCanada and Denali, sponsors of a proposed pipeline venture in Alaska, said natural gas producers will likely request financial preconditions before committing their supplies. The project involves constructing a 1,700-mile pipeline from Alaska's Prudhoe Bay to Alberta that will carry at least 4 billion cubic feet of natural gas each day. The companies hope that deliveries using the pipeline, which Alaskan officials estimate will cost more than $30 billion, could begin by 2018.

Full Story:
Reuters

Related Summaries