TransCanada files draft environmental reports for Alaska gasline
Eric Christopher Adams |
Jan 15, 2012
Alaska's major oil producers and political leaders may have turned their attention away from the natural gas pipeline to Canada, but that hasn't stopped work from proceeding. The federal office in charge of coordinating Alaska gas transportation projects announced this weekend that "a key milestone" had belatedly been reached when TransCanada Corp. filed 11 draft environmental reports with the U.S. government designed to move the Alaska Pipeline Project closer to Alberta, Canada. Read the reports here. According to the Office of the Federal Coordinator:
Just last week, the Federal Energy Regulatory Commission canceled the first public comment meeting on the pipeline because the draft reports had not yet been submitted. Such meetings are a federal requirement in the permitting process. The later submission of the reports prompted FERC to give the go-ahead for other meetings to proceed as-planned with "public scoping" of the project in Fairbanks and other communities along the proposed pipeline route, set to begin Jan. 30. An Anchorage meeting previously cancelled will be rescheduled for sometime next month, the federal coordinator announced here. Despite submission of the reports, all's not well for the state-subsidized gas pipeline project to Canada, which is estimated to cost anywhere from $32 billion to $41 billion. TransCanada, the pipeline builder, hasn't been able to secure a single commitment from customers interested in buying Alaska's stranded natural gas. And Alaska Gov. Sean Parnell is trying to shift momentum away from the project toward an all-Alaska gasline to tidewater. There the gas would then be liquefied for shipment to global markets, most likely in Asia where natural gas prices are much higher than in the Lower 48. Even the federal coordinator, Larry Persily, recently told an audience of energy policymakers that the odds of an Alaska pipeline to Canada were at best 50-50, and that "significant change" in the U.S. natural gas market would be needed for the project's salvation. (Listen to Persily's comments here.) Congress, aware of the changes, has slashed the budget for the federal coordinator's office. But none of that is stopping the stakeholders from moving forward. One of the next big "milestones" for the project will come in October, when TransCanada submits final resource reports and applies with FERC for a certificate to build and operate a pipeline. With the Alaska Legislature set to meet to discuss a variety of gas and oil issues before that happens, and with the governor working on an in-state pipeline plan in conjunction with the three major oil companies that hold ownership interests in Alaska's North Slope gas fields, a lot could happen between now and then. Contact Eric Christopher Adams at eric(at)alaskadispatch.com
by 21stCentury | January 16, 2012 - 3:40pm
http://news.nationalgeographic.com/news/2005/10/images/051006_pythoneatsgator.jpg http://3.bp.blogspot.com/_FzCYy5gFL08/Rr4Zx--jgCI/AAAAAAAAAnE/s82rJvGexKA/s400/burmese+python+with+alligator.jpg
by jmacinak | January 16, 2012 - 12:40pm
..the companies are fond of telling us through their talk show tools how the oil isn`t worth anything "in the ground" until "they", in all their brave beneficence get it to rise up out of the ground.. Well come to find out they were wrong! When they told the Security Exchange Commission how much oil and gas they had in the ground, why the SEC allowed them to bump up the price of their stock!! HEYYYY! BONUS time for the CEO`s!!! They found out their "reserves" just sitting in the ground there was just like a great big "warehouse" full of product! And they will sell it when they are good and ready too.. even if it comes to lying to state officials about the value and lifespan of the TAPS line (unless we bow to their extortion of two billion A YEAR until our oil is gone). ACES could be looked at as the rent Alaska gets for letting them use our "warehouse" without actually doing what they implied when they leased the resource, and that is to produce it for the benefit of the people of Alaska as well as their shareholders. Just how this old Alaskan see`s it.
by chasm | January 16, 2012 - 7:20am
Parnell will spend the rest of the 500 million before he will admit that AGIA is a failure and dump TransCanada.
by ENTJ | January 16, 2012 - 6:05am
Why doesn't any of our Alaska media interview Sarah about this fiasco? |













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