The Anchorage Daily News reported that “TransCanada Corp. [on January 29, 2010] filed a detailed plan [with the Federal Energy Regulatory Commission] for holding an open season this summer to seek commitments from potential shippers to supply gas for the proposed North Slope pipeline (Bluemink, 2010, ¶1).
The pipeline was made possible by Governor Palin’s Alaska Gasline Inducement Act (AGIA). The main proposal envisioned under AGIA will result in a 1,715-mile natural gas pipeline to run from Alaska’s North Slope to a connecting point in Alberta, Canada. The pipeline — a joint venture of TransCanada and Exxon-Mobil will bring Alaskan natural gas to the Lower 48 states. The pipeline is expected to be complete in 2019. It will be North America’s largest infrastructure project and is estimated to cost between $32 billion and $41 billion (Bluemink, 2010, ¶2-3).
TransCanada also filed an alternative $20 – $26 billion proposal in which a pipeline would be built “to a liquefied natural-gas terminal in Valdez, where it could be exported by tankers (Bluemink, 2010, ¶2-3).”
Further, BP and Conoco Phillips are filing a 90-day open season for a competing North Slope pipeline project, called Denali (Bluemink, 2010, ¶6).
AGIA — Governor Palin’s brainchild — is turning a 30-year-old pipe dream in to pipelines and encouraging good old-fashioned free market competition in the process. Governor Palin does not just write and speak about energy independence. She devoted a major portion of her term as Governor to conceiving and bringing AGIA to fruition. Under Governor Parnell’s leadership, Governor Palin’s mission and vision as it pertains to this project will be carried through.
Complete prior coverage of AGIA can be found at the US for Palin 2009 Master List of Governor Palin’s Accomplishments.
Bluemink, E. (2010, January 29). “TransCanada files open-season plan for proposed gas line.” Anchorage Daily News. Retrieved January 29, 2010 from: http://www.adn.com/money/industries/oil/story/1116269.html