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TransCanada and ExxonMobil began working together in 2009 to develop the Alaska Pipeline Project. The project is designed to connect Alaska's North Slope natural gas resources to new markets and deliver a reliable and secure source of clean energy for decades to come. The project will provide numerous benefits to Alaska, nd the broader U.S. and Canada, including jobs, business opportunities, government revenues and long-term supplies of natural gas.
TransCanada and ExxonMobil believe that Alaska’s North Slope natural gas can compete in the marketplace and that the Alaska Pipeline Project provides Alaska with a viable option to develop its natural gas resources.
- The project joins together the strengths and assets of TransCanada and ExxonMobil. Together the companies bring to the project:
- A history of successful mega-project management experience.
- World-class Arctic capabilities and experience.
- Innovative and proven pipeline and gas treatment technologies.
- Powerful financial resources.
- The project, under the Alaska Gasline Inducement Act, is the only project licensed by the State of Alaska to develop a pipeline to bring North Slope natural gas to market.
- The project has already secured regulatory certificates in Canada and holds land rights for 60% of the total pipeline route for the Alberta option in Canada.
- The project has moved forward on all aspects of the pipeline's development and has met important commercial and regulatory commitments. For example:
- The Alaska Pipeline Project conducted the first natural gas open season in North Slope history in 2010 and received multiple bids from potential shippers.
- The project is progressing the environmental, regulatory and land work necessary to advance permits in the U.S. and Canada, an essential step towards building the project.