Alaska gas pipeline | Northwest Coast Energy News

Alaska pipeline development doesn’t bode well for NWT project: Alberta Oil

Alberta Oil Magazine

Darren Campbell column

Alaska pipeline development doesn’t bode well for NWT project

As everyone returns to the office after the Victoria Day long weekend, supporters of the star-crossed Mackenzie Gas Project (MGP) are left to wonder what the future holds for the $16.2 billion proposed pipeline scheme now that BP plc and ConocoPhillips have announced they are dropping out of the race to build an Alaska natural gas pipeline.

What does a couple of Big Oil companies giving up on their plans to build a pipeline have to do with the fortunes of a project proposing to ship natural gas from the Northwest Territories’ Mackenzie Valley to southern markets?

Time for Alaska, Big Oil to lay gas line cards on the table : Anchorage Daily News

Anchorage Daily News

Column by Paul Jenkins

Time for Alaska, Big Oil to lay gas line cards on the table

It is time for TransCanada, Exxon and the state to lay their cards on the table; time to tell Alaskans whether their natural gas pipeline project is deader than Donald Trump’s presidential campaign.

To almost nobody’s surprise, BP and Conoco Phillips yanked the plug on their Denali gas line project, an effort to build a $35 billion, large-diameter natural gas pipeline from Alaska’s North Slope to points south. Who could blame them? The companies said that after more than three years and $165 million they could not drum up enough binding “ship-or-pay” agreements to secure financing.

Timeline: Alaska’s natural gas pipe dreams

Alaska Dispatch

Timeline: Alaska’s natural gas pipe dreams

Denali — The Alaska Gas Pipeline project is dead, which is déjà vu for many in Alaska. Talk of the gas line has been going on since workers struck oil at Prudhoe Bay in 1968. In 1977, President Jimmy Carter went so far as to sign legislation designating the Alaska Highway as the route the line would take. That’s pretty much been the trajectory of the project ever since….

In 2008, former Gov. Sarah Palin awarded the company the license to build the line, along with $500 million in state money to help it along the way. It was her signature piece of legislation. TransCanada says that its project is still moving forward.

But to know to know where Alaska’s going with this, it’s important to know where it’s been.

Alaska Dispatch covers the plans, politics and problems of the Denali natural gas pipeline from 2003 until the cancellation of the project.

BP, ConocoPhillips Halt Proposed $35 Billion Alaska Gas-Pipeline Project: Bloomberg

Bloomberg

BP, ConocoPhillips Halt Proposed $35 Billion Alaska Gas-Pipeline Project

BP Plc and ConocoPhillips dropped plans for a $35 billion Alaska natural-gas pipeline, once proposed to be the largest private construction project in U.S. history, because they didn’t get enough customer interest.

The companies will withdraw an application seeking federal approval to build a pipeline to bring gas from Alaska’s North Slope to U.S. and Canadian markets, according to a statement today…

Halting Denali leaves one competing pipeline proposal, backed by TransCanada Corp. (TRP) and Exxon Mobil Corp. (XOM), to bring 4.5 billion cubic feet of gas a day from Alaska’s North Slope…

The two pipeline projects are not the only ways to sell North Slope gas, said Steve Rinehart, a spokesman for BP Alaska. Other options include liquefying the gas for transport to other markets by tanker, he said.