State proposes federal funding for gas pipeline project

JUNEAU - A state corporation is seeking almost $4.5 billion in federal funding to help build a $5.9 billion pipeline to move North Slope natural gas to Fairbanks.

The project is being promoted as the first phase of the state-sponsored $38 billion project to move North Slope gas more than 800 miles to Nikiski, on the Kenai Peninsula, where the gas would be supercooled into a liquid and loaded aboard 1,000-foot-long tankers to buyers in Asia.

The larger project to transport and sell North Slope natural gas overseas has been around for decades, always failing to pass a financial viability test. T...

 

Reader Comments(0)

 
 
Rendered 07/09/2024 19:11