• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 28 mins Would bashing China solve all the problems of the United States
  • 2 hours Model 3 cheaper to buy than BMW 3 series.
  • 1 hour Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
  • 18 mins Pompeo's Hong Kong
  • 1 hour Thugs in Trumpistan
  • 2 hours China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 23 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 2 hours China’s Oil Thirst Draws an Armada of Tankers
  • 13 hours Income report showing potential future spending and economic growth
  • 6 hours Coronavirus hype biggest political hoax in history
  • 13 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 2 days China to Impose Dictatorship on Hong Kong
  • 14 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Back in January the Governor of Alaska, Sean Parnell, set a deadline for the three energy giants who are developing a project to build a massive pipeline to transport natural gas from the North Slope of Alaska, after he admitted to being fed up by the seemingly endless delays plaguing the project.

Officials from the three companies, ExxonMobil, BP, and Conoco Philips, recently wrote a letter to Governor Parnell to report that good progress has been made on the project, but that “significant environmental, regulatory, engineering and commercial work still remains to reach upcoming decisions to bring North Slope gas to market.”

In the letter they have estimated that the pipeline would be a mega project of “unprecedented scale and challenge.” It could cost between $45 and $65 billion, require the use of nearly 1.7 million tonnes of steel, and create employment for 15,000 people during the height of its construction. The destination of the pipe has not yet been decided, but it is being planned as an 800 mile line that cuts from the North Slope gas fields down into central Alaska.

RELATED: Oil Markets Limp into Fourth Quarter

On Wednesday Parnell said that he was encouraged by the letter and what he’s seen of the project, and that as promised, in exchange for meeting his benchmarks, he will look at offering special gas taxes next year.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News