Consultant: Alaska must get behind gas pipeline (AP)

FAIRBANKS, Alaska-public aid in the form of loan guarantees will be required if the developer is going to build a large natural gas pipeline diameter proposed in Alaska soon at any time, the financial advisor told business leaders bpiirbanx.

Gottstein David of hsantiago claiming Wednesday for State guarantees of rights of way and loans in return line capacity rights.

Fairbanks Daily News-minor reporting .Gov. light Parnell backing efforts should be to request leadership from the private sector, but there's loads to gottstein "co-sponsor" in the North the area just a short tube Fairbanks, which you can create connections to lengthen the line tidewater to export.

Gottstein, an Alliance of former Walter Hickel .Gov, said alternatives such as doing nothing, importing natural gas liquid or gas pipeline construction "bullet" and require just a short fall in the northern part of meeting the needs of the country's long-term economic growth.

"I believe the poster child for ????????? it issues and opportunity," he said to the trading room.

The country is a pre svsod-development by building potential, TransCanada, but gottstein said relationships — controlled by 2007 Alaska Gasline Inducement Act — leaving room to negotiate new terms. He said that the financial involvement of the country "to change the business model" nudge some risk of project pipeline shoulders of the country.

The proposal has gained interest from ask, who is also a fourth word of the energy information administration USA release the potential of transcontinental pipeline, its large mathzit 20 energy markets. She drew attention to the progress, which plans to sign tool, importing liquid fuel Cook for supplies.

Gubernatorial candidate Bob put the proposal according to the "pre-build" in the center of his campaign before dropping out summer.

Mayor of hsantiago Danny Sullivan said have similar ideas floated along the sidewalk periodically State agencies such as the Alaska natural gas development authority, where he served as a Board Director for seven years.

"I think there is certainly some of the benefits of it," Sullivan said minor news daily. "He deserves consideration."

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Information from: Fairbanks Daily News-minor, http://www.newsminer.com

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Report: Alaska pipeline not on long-term projects (AP)

JUNEAU, Alaska – Federal analysts believe will not be cost-effective to build a major natural gas pipeline in Alaska for the next 20 years, at least according to a report recently by the energy information administration of the USA.

Study finds domestic energy markets through 2035, high construction costs for rates and lower natural gas wellhead, in terms of 2009, like making a line still during this time. The report represents what Benneche Agency analyst calls its "best of Joe guess what is likely to result."

Two of the pipeline, the Alberta Canada, based on the TransCanada Corp., gas pipeline of Alaska Denali-The, they pursue proposals to bring gas from the North of Alaska to markets in North America or overseas 2020. Cost estimates for different options have ranged from 20 billion 41 billion for a long time to expand into Canada.

TransCanada is ExxonMobil Corp. promote line and up to 500 million in support from doing this as part of signature .Gov. then Sarah Palin Alaska Gasline Inducement Act. Denali working with BP and ConocoPhillips.

Benneche said Wednesday projections call the average price in the lower 48 wellhead to improve the point at which the project financial sense around 2033. After construction, the line can be serviced by 2036 or 2037, he said.

"It's not like we took it" image total energy, Benneche said.

For years, Alaskans have hoped for a pipeline as a way to help shore up revenue from oil production rejects, create jobs and provide a more reliable source of energy. .Gov. light Parnell has expressed optimism the chances of a line, given that they are all now TransCanada Vdnali negotiating with gas producers, and are designed to secure the delivery obligations.

Widely believed a same only one pipeline, if one opens the rule. Officials said their consider factors such as long term gas prices, provide tax rates predictions in evaluating moving forward.

The decision is going to be "up to the companies," said Larry Persily, manages federal natural gas pipeline projects to Alaska.

He said that the report does not worry or overwhelm it. For example, its sales projections do not include proposed changes to federal law or regulations governing, for example, gas shale gas can produce on-demand, create more impressive, Alaska gas Persily said.

A team of Alaska gas line believes that a separate report to the State Commission on outlook gas development project "support of the gas line," said Marc Morones, program manager of the Alaska Gasline Inducement Act.

TransCanada spokesman did not immediately return a call Wednesday. Dover Denali was out of the Office.

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BP suspends construction of rig off Alaska Coast (AP)

JUNEAU, Alaska - BP PLC is construction of a huge oil rig suspension the coast of Alaska its engineering and design plans to check and make sure, the liberty project can be carried out safely.

BP Alaska spokesman Steve Rinehart said "a few problems" were last year underway assemble the rig found. He would not define those. But he said no problem to withdraw BP, and none of you, caused the company in future, if the unusual project is feasible.

He said the decision — announced this week to contractor - was reached in the course of time "with a lot of deliberation" and aims, the rig of company standards met.

"The approach has its right" Rinehart, said on Tuesday. "Liberty is a very important project at BP." It is very important to the State and the United States and it has carried out safely and carefully be. "And the Foundation shall be solid, and each has its confident and we can go from there."

"We would be difficult always understood", he said, later adding that BP is determined, the project remains.

No timeline was awarded for construction of resume. The delay will include expected to approximately 100 jobs to influence contract usually employees.

The liberty project is unique and controversial. It calls for using an artificial gravel island in the Beaufort Sea as drilling base, with a rig horizontally for six to eight miles, tap drilling what BP is a 100 - million-barrel reserve of recoverable oil estimates. Some critics have the following approach the massive oil spill stemming from a BP of leased rig in the Gulf of Mexico surveyed this year.

Obliged in following the spill a federal regulators spill, such things as oil search response and blowout prevention plans, when reviewing drilling permit applications; the State planned also check whether there are gaps in each of its rules of procedure.

Rinehart, said teaching, although he could not instantly Golf spill from the, which would include applicable for the very different project in Alaska may review working on liberty.

The review "all safety-critical systems," including power supply and ventilation systems would cover, he said.

BP has yet applied approval for the project for a hole. And this is not the first delay in plans for further progress. At one point hoped BP started to drill this year and have begun for the production of oil in 2011.

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