Alaska Natural Gas Pipeline Message Board

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Gold/Mining/Energy : Alaska Natural Gas Pipeline

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From: Snowshoe	4/30/2010 10:51:53 PM
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ALERT: Gas pipeline bid season opens in test of producer demand - 'OPEN SEASON': First 90-day period begins for one partnership. By RICHARD MAUER Last Modified: April 30th, 2010 11:51 AM The decades-long Alaska dream of tapping the massive North Slope gas fields reaches a new milestone today -- the start of a 90-day period for potential shippers to bid on how much gas they would pay to send down a proposed pipeline and where they'd like it to go. The "open season" for the Alaska Pipeline Project of TransCanada and Exxon Mobil is the first major test of market interest in a future Alaska line. It could determine whether investors will sink billions of dollars into a high-pressure pipeline to Canada or Valdez. "It is a very significant milestone," said Alaska Revenue Commissioner Pat Galvin, one of the leaders in this incarnation of the pipeline dream. But Galvin and others said the real action comes after 90 days, when TransCanada will know whether it has any offers -- and if it does, whether they're worth pursuing. Read more: adn.com

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