APP to Conduct Solicitation of Interest in Pipeline Capacity
On July 30 2012, the Alaska Pipeline Project announced that it will conduct a non-binding public solicitation of interest in securing capacity on a potential new pipeline system to transport Alaska’s North Slope gas. The solicitation of interest will take place from August 31 through September 14, 2012.
APP Working with ExxonMobil, ConocoPhillips and BP to Commercialize North Slope Natural Gas
On March 30 2012, ExxonMobil, ConocoPhillips, BP and TransCanada, through its participation in the Alaska Pipeline Project, announced that they are working together on the next generation of resource development in Alaska. The four companies have agreed on a work plan aimed at commercializing North Slope natural gas resources within an Alaska Gasline Inducement Act (AGIA) framework.
About the Project
TransCanada and ExxonMobil began working together in 2009 to develop the Alaska Pipeline Project. The project is designed to connect Alaska's vast North Slope natural gas resources to new markets and deliver a reliable and secure source of clean burning energy for decades to come. TransCanada and ExxonMobil have the expertise, experience, and financial capability to develop what would be one of the largest privately funded energy projects in the history of North America. Together they bring to the effort a strong history of world class technology, experience working in the Arctic, and the proven ability to build and operate projects of enormous scale in the most challenging environments. Read more...
About Natural Gas
What is natural gas?
Natural gas is a fossil fuel found in combination with oil and water and comes from reservoirs deep below the earth’s surface.
What is LNG?
When natural gas is cooled to -260° F (-160° C), in a process called liquefaction, it produces a colorless, non-toxic and non-corrosive liquid called liquefied natural gas, or LNG. Since LNG is just a fraction of the volume of natural gas (1/600), it can then be stored and transported safely and more efficiently over long distances. Once LNG reaches its final destination, it is turned back into a gas and ready to be piped into homes and businesses for use.
Why use natural gas?
Natural gas is the cleanest burning fossil fuel. It produces less emissions and pollutants than either coal or oil. It is abundant, safe, reliable and efficient.