Tags: oil | gas | pipeline | Alaska

Alaska Considers New China Pipeline Project

By    |   Thursday, 22 March 2012 04:26 PM

Three major oil companies and authorities in Alaska are discussing a $40 billion pipeline project to export liquefied natural gas from Alaska’s North Slope to China and other Asian countries.

BP, ExxonMobil and ConocoPhillips hope to reach an agreement with Alaska that would clear the way for the companies to move forward with plans for a pipeline bringing the natural gas to Alaska’s southern coast, where it could be shipped to Asia, the Financial Times reports.

Alaska’s North Slope has proven reserves equal to about one-eighth of total U.S. reserves, but without a pipeline the gas is worthless.

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Thursday, 22 March 2012 04:26 PM
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