April Newsreel: News on Alaskan Pipeline, Independent Gas Alliance, Probe in Fatal Explosion, and More

April 2009 Vol. 236 No. 4

Two Alaskan Lawmakers Want Review Of Pipeline License
Independent Gas Producers Form Alliance
Probe Continues Into Fatal Montana Gas Explosion
Regency, GE Energy Financial Services, Alinda Bolster Haynesville Pipeline Project

Williams To Run Fewer Rigs In Colorado's Piceance Basin

Oregon PUC Approves NW Natural System Integrity Program

Southern Union, Enterprise Sign Long-Term NGL Fractionation Agreement
Study Finds Upstream Oil & Gas Transaction Value Fell 32%
Longhorn Notes Increase In Shipments To Southwestern Markets
TEPPCO Executive Takes Temporary Leave of Absence
Fluor, Siemens Reach Long-Term Cooperation Agreement

Two Alaskan Lawmakers Want Review Of Pipeline License
Two Alaska lawmakers have introduced a resolution that would call on Gov. Sarah Palin to re-evaluate the natural gas pipeline license awarded to TransCanada Corp. The resolution by Republican Reps. Jay Ramras of Fairbanks and Craig Johnson of Anchorage suggests that a review is warranted, given the risks for project financing during the global economic recession.

If passed, the resolution would call for Palin and the attorney general to report back findings of their review within 180 days. TransCanada last year won an exclusive state license to build the gas line. It includes up to $500 million in state incentive money. BP and ConocoPhillips have a competing proposal named Denali.

Meanwhile, a state official assigned to help develop a small diameter natural gas pipeline from the North Slope to Cook Inlet estimated the line could cost about $4 billion and bring gas to Alaska homes and businesses as early as 2015.