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Report: Alaska pipeline not in long-range projects (AP)

JUNEAU, Alaska – Federal analysts believe it will not be economical to build a major natural gas pipeline in Alaska for at least the next 20 years.

Two pipeline companies have begun pursuing multi-billion-dollar proposals to pump gas from Alaska’s North Slope to North American or overseas markets by about 2020.

But a recent U.S. Energy Information Administration report leaves a pipeline out of its projections through 2035. It cites construction costs and lower natural gas prices, in 2009 terms, as making a line uneconomical during that timeframe.

Agency analyst Joe Benneche says projections call for gas prices improving to where a project would make financial sense around 2033. He says a three- to four-year period of construction would follow.

This news, Report: Alaska pipeline not in long-range projects
(AP)
extract from US Economy

Short URL: http://www.usnews9.com/?p=5140

Posted by on Dec 26 2010. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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