Tue, Feb 16, 2010 - Page 5 News List

FEATURE : Alaska wooing PRC as potential customer for gas

PIPELINE DREAMS China, already a leading market for Alaskan products, could become a major investor in or export market for its natural gas or byproducts

AP , JUNEAU, ALASKA

The companies, in a recent filing with federal regulators, estimated 991 billion cubic meters of proven gas reserves on the North Slope.

Through a process in which TransCanada beat out applicants including a Chinese company several years ago, the state agreed to reimburse up to US$500 million of the eligible costs of the project.

A TransCanada spokeswoman declined comment on whether there had been interest from China on the project, saying: “All discussions with individual customers are confidential and we would not be able to discuss any individual details as a result of that.”

A rival project by Britain’s BP PLC and Houston-based ConocoPhillips is also moving ahead.

Campbell said he was not advocating any specific project, but he’d like Chinese officials to visit “earlier, rather than later.”

They have indicated a “huge demand,” for natural gas, he said, and Alaska wants a market.

This story has been viewed 1295 times.
TOP top