Alaska governor announces new way forward on major gas pipeline project

Becky Bohrer

January 10, 2014 - 1:15 PM

JUNEAU, Alaska - Alaska is dropping its years-old agreement with Canadian pipeline building TransCanada Corp. in a bid to pave a new way forward for its long-hoped for natural gas pipeline.

Gov. Sean Parnell said Friday the split was amicable. The Republican governor said when a 2007 law was drawn up aimed at advancing a project, it was designed for only one project developer. But, the liquefied natural gas project now being pursued involves multiple interests.

He said TransCanada will continue playing a role, just under a different commercial agreement that would also include Exxon Mobil Corp., BP, ConocoPhillips and state interests. The administration also plans to seek legislative approval for state participation.

News from © The Associated Press, 2014

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