Alaska gas plans advance
Competition to construct a pipeline to deliver gas from the Arctic to US markets is intensifying
After decades of controversy and delay, a pipeline that would transport natural gas from the North Slope of Alaska to Midwestern US markets has taken a step closer to being built. The last day of November was the deadline for proposals to build the pipeline, in accordance with the Alaska Gasline Inducement Act (AGIA). This legislation offers about $0.5bn in financial backing, tax relief and other incentives to the winning bidder, if the company agrees to what Alaska Governor Sarah Palin calls "must have" components, such as jobs and gas for Alaskans. Hours before the deadline for the competition for the right to build what will be the costliest pipeline in US history, ConocoPhillips submitte
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