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Gold/Mining/Energy : Alaska Natural Gas Pipeline

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To: Snowshoe who wrote (467)6/11/2009 8:07:59 PM
From: Snowshoe   of 570
 
IT'S OFFICIAL: Exxon, TransCanada reach pipeline deal

- By BILL WHITE
Last Modified: June 11th, 2009 03:07 PM

Exxon Mobil Corp., the largest natural gas holder on the North Slope, said today it will work on the long-awaited natural gas pipeline project with TransCanada Corp.

The two companies said Exxon will participate in all aspects of TransCanada's project: technical, commercial, regulatory and financial. TransCanada will retain the lead in its project and be majority owner.

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Thursday's announcement falls well short of a commitment to build a pipeline. A decision on construction could be a couple of years away.


full story: adn.com
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