TransCanada gets ‘multiple bids’ from entities interested in using proposed Alaska pipeline
By Becky Bohrer, APFriday, July 30, 2010
Official: ‘Multiple bids’ for Alaska gas line
JUNEAU, Alaska — An official with TransCanada Corp. says the company has received “multiple bids” from “major industry players and others” interested in using a proposed natural gas pipeline to move the fuel from Alaska’s North Slope to markets in North America.
Tony Palmer, TransCanada’s vice president of Alaska development, says he’s encouraged about the line’s prospects moving forward, provided that unspecified “key conditions” are met.
TransCanada ended its 90-day process of seeking shipping commitments for the proposed line Friday.
The company has said it would keep details of the bids confidential. It faces competition from Denali-The Alaska Gas Pipeline, a joint venture of BP PLC and ConocoPhillips that began its own open season a few weeks ago.
