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Alaska plans to build USD 40 billion gas pipeline

Steel News - Published on Mon, 26 Mar 2012

It is reported that the officials from BP, ExxonMobil and ConocoPhillips are currently discussing a USD 40 billion project to carry liquefied natural gas to Asian customers from Alaska.

The project might need the investment of USD 40 to USD 50 billion and it might take 10 years for construction.

It is said that the three oil companies have been sought a resolution of a lease dispute at Point Thomson, the largest oil and gas field at Alaska\'s North Slope.

In the background, Alaska\'s North Slope owns reserves of 35 trillion cubic feet of gas, accounting for one eighth of the US\'s total reserves

(Sourced from www.yieh.com)

(www.steelguru.com)

Posted By : admin on Mon, 26 Mar 2012
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