Source Pravda.Ru

ConocoPhillips and BP to construct Alaska Gas Pipeline

ConocoPhillips Company (NYSE: COP) and BP plc (LSE:BP, NYSE: BP, TYO: 5051, TSX: BP.U) will cooperate in creation of the Alaska Gas Pipeline.

The project is claimed to be the largest in the private sector in North America and is believed to be worth of $20 billion.

The pipeline will supply Canada and the United States with natural gas and will account for 8% of overall U.S. natural-gas demand.

The Denali pipeline will be a nearly 3,600 miles of large diameter, high-pressure buried pipeline and will carry about 4 billion cubic feet of natural-gas a day to markets. It will cost about $600 million to reach the first major project milestone before the end of 2010.

The companies reported that they had invited the third party, Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), and had already assigned staff to the joint project team which would be ramping up over the coming months.

The first steps to take are to gain key regulatory approvals from the Federal Energy Regulatory Commission in the U.S. and the National Energy Board in Canada, and to convince Alaskan authorities that this is the best plan for developing the state's extensive gas resources.

Comments
Ukraine counts losses it will suffer because of Crimean Bridge
Ukraine counts losses it will suffer because of Crimean Bridge
Ukraine counts losses it will suffer because of Crimean Bridge
Kremlin wants foreign invaders out of Syria
Kremlin wants foreign invaders out of Syria
Kremlin wants foreign invaders out of Syria
Kremlin wants foreign invaders out of Syria
Kremlin wants foreign invaders out of Syria
Russia will not be the only country to use Crimean Bridge
Russia will not be the only country to use Crimean Bridge
Russia will not be the only country to use Crimean Bridge
Kremlin wants foreign invaders out of Syria
Russian spy Sergei Skripal recovers from chemical poisoning completely
12 signs of imminent war between the West and Russia
Exclusive Interview: Oliver Stone on Venezuelan Election
Draft Dodger in Chief Dodges "Historic" Opening of US Embassy, Jerusalem.
Amnesty International wants world leaders to ignore World Cup 2018 in Russia
Why Putin should say nothing when USA and Germany fight over Russian natural gas
Science Has Once Again Declared: ‘We Were Created’
Science Has Once Again Declared: ‘We Were Created’
Science Has Once Again Declared: ‘We Were Created’