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.
World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable
The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.
Pentagon officials said that Russia has developed a very powerful weapon, which Western specialists have already dubbed as the "doomsday weapon"