Alaska Natural Gas Pipeline Message Board

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Gold/Mining/Energy : Alaska Natural Gas Pipeline

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From: Dennis Roth	11/29/2005 3:30:55 PM
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BP hopeful of deal soon with Alaska on gas pipeline: Browne Washington (Platts)--29Nov2005 BP's chief executive John Browne Tuesday said he was "very hopeful" that an agreement can be reached with the state of Alaska on building a natural gas pipeline from the North Slope to the Lower 48. "I believe negotiations and discussions are going very well," Browne said following a speech on energy security to the Washington-based think tank The Brookings Institution. "I believe and hope that negotiations will be concluded very soon," perhaps after the "turn of the year." Browne described the negotiations over basic fiscal terms as "very complicated" because of the proposed pipeline's $20- to $30-bil price tag and the long lag time between construction and building and ultimate return to investors. ConocoPhillips has already reached an agreement with Alaska, but BP and ExxonMobil are still negotiating with the state to change fiscal terms on oil and gas production as an incentive to get the project moving. --Cathy Landry, cathy_landry@platts.com For more information, take a trial to Platts LNG Daily at lngdaily.platts.com.

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