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Gold/Mining/Energy : Alaska Natural Gas Pipeline
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From: Dennis Roth11/30/2007 1:16:25 PM
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ConocoPhillips submits proposal for Alaska gas pipeline project

New York (Platts)--30Nov2007
platts.com

ConocoPhillips on Friday said it has submitted a proposal to Alaska on
construction of a pipeline that would transport some 4 Bcf/d of natural gas
production from the North Slope of Alaska to Canada and the Lower 48 states.

The Houston-based major said it is "prepared to make significant.
investments, without state matching funds," to advance the proposed project.

The company said the proposal had been made directly to Alaska Governor
Sarah Palin.

It added that it has begun efforts "to begin new field data acquisition
to support the pipeline permit applications."

In a statement, ConocoPhillips chairman and CEO Jim Mulva said: "We
desire to work directly and purposefully with the state of Alaska and the
legislature to advance this project as quickly as possible. We also expect to
approach other parties to explore ways through which their participation could
add value to this effort."

The company added that, during the initial phase of the project, a
Bechtel subsidiary would provide "engineering and technical support and other
related project services."

Details of the actual proposal to Palin were not disclosed.

--Robert DiNardo, robert_dinardo@platts.com
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