By CASSANDRA SWEET
ExxonMobil, ConocoPhillips, BP and TransCanada said they
plan to develop a natural-gas pipeline from Alaska's North
Slope to a port where the gas would be prepared for export as
part of a project expected to cost $45 billion
to $65 billion.
The companies provided some details for the proposed Alaska
gas pipeline in a letter to Alaska Gov. Sean Parnell.
Under the companies' plan, or "concept," an 800-mile
pipeline would be built with the capacity to ship 3 billion to
3.5 billion cubic feet of gas to an area near a port where the
gas would be turned into a liquid.
The liquefied natural
gas would be stored in tanks and loaded onto tankers from a
loading jetty with two berths, according to a plan attached to
the letter. In addition to those facilities, a natural-gas treatment
facility would be built on the North Slope, near Prudhoe Bay,
near where the gas would be produced.
The liquefaction plant would be built on a 400-acre to
600-acre site and be able to process 15 million to 18 million
tons of gas a year, executives with the comapnies said in the
"We remain committed to responsibly developing the State's
considerable resources and will keep you advised of our
progress," read the letter, which was signed by Randy Broiles
at ExxonMobil, Trond-Erik Johansen at ConocoPhillips, Janet
Weiss at BP and Tony Palmer at TransCanada.
If built, the gas pipeline and export facility would be one
of the largest LNG
projects in the world, said Mr.
Parnell, who has strongly supported development of Alaska's gas
and a pipeline to ship the gas to overseas markets. As part of
an agreement with the state, the companies promised to provide
periodic updates on their pipeline-development plans.
"I am pleased the companies met the benchmarks," Mr. Parnell
said in a statement. "I look forward to working with them as
they advance this public-private partnership."
Dow Jones Newswires