Alaska Pipeline

iVillage Member
Registered: 07-25-2003
Alaska Pipeline
2
Fri, 01-23-2004 - 9:23am
One more step towards energy self-sufficiency:

Application Filed to Build Alaska Pipeline

Thursday January 22, 8:11 pm ET


FAIRBANKS, Alaska, Jan. 22 /PRNewswire/ -- MidAmerican Energy Holdings Company and MEHC Alaska Gas Transmission Company today filed an application with the State of Alaska Department of Revenue for approval under the Alaska Stranded Gas Development Act for authority to negotiate tax and financial terms with the State of Alaska to facilitate the transportation of stranded Alaskan natural gas. The proposed 745-mile, $6.3 billion pipeline extends from the North Slope area near Prudhoe Bay southward to the Alaska-Yukon border near Beaver Creek. MAGTC is seeking an affirmative determination that the proposed Alaska pipeline is a "qualified project" and MAGTC and its constituent owner-members constitute a "qualified sponsor group."

...

"With this application, MidAmerican and the members of the sponsor group take an important first step in what we anticipate will be a long-term relationship with the State of Alaska to develop this important resource," said David Sokol, MidAmerican Energy Holdings Company chairman and chief executive officer. "Development of Alaska's enormous natural gas reserves has long been hampered by unfavorable economics related to the remote location of the reserves and the difficulties and costs of delivering Alaskan natural gas to market. We believe those circumstances are rapidly changing and believe by the end of this decade Alaskan gas will begin to play a critical role in meeting North American gas demand."

"The importance of getting the stranded Alaskan natural gas to the lower 48 United States cannot be overemphasized," said Warren Buffett, chairman of Berkshire Hathaway, which is the owner of an 80 percent interest in MidAmerican.




http://biz.yahoo.com/prnews/040122/lath107_1.html

Renee

iVillage Member
Registered: 03-18-2000
In reply to: wrhen
Fri, 01-23-2004 - 12:29pm




From a 60 Mins program. About the natural gas pipeline & how it could be build privately......


>"A pipeline that would not only be shorter and cheaper, but wouldn't need a dime of subsidies. He calls it the "over-the-top" route, and it would bypass Alaska entirely. "<


http://www.cbsnews.com/stories/2003/09/19/60minutes/main574250.shtml


 


Photobucket&nbs

iVillage Member
Registered: 03-18-2000
In reply to: wrhen
Fri, 01-23-2004 - 12:44pm

>"The proposed 745-mile, $6.3 billion pipeline extends from the North Slope area near Prudhoe Bay southward to the Alaska-Yukon border near Beaver Creek."<


The rest of the cost of the pipe-line isn't mentioned.


>"Alaskan legislators and two major oil companies are asking Congress to underwrite part of the estimated $20 billion cost of constructing a 3,600-mile pipeline connecting Alaska's North Slope with the U.S. heartland.<"


Quote from.............


http://www.drumbeat.mlaterz.net/March%202003/Natural%20gas%20line%20proposed%20in%20Alaska%20032603a.htm

cl-Libraone





 


Photobucket&nbs