HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter PRODUCTS READ THE PETROLEUM NEWS ARCHIVE! ADVERTISING INFORMATION EVENTS PETROLEUM NEWS BAKKEN MINING NEWS

Providing coverage of Alaska and northern Canada's oil and gas industry
November 2010

Vol. 15, No. 46 Week of November 14, 2010

Parnell reshaping gas line leadership

The resignations Gov. Sean Parnell requested of cabinet members will bring new leadership to the team developing a multibillion dollar North Slope natural gas pipeline, the Anchorage Daily News reported Nov. 10.

Parnell says he wants the team to work with state legislators to determine how the gas should be taxed. Major producers — ExxonMobil, ConocoPhillips and BP — say they won’t commit to the project without tax certainty.

Parnell supports the gas pipeline project launched when Sarah Palin was governor, although his campaign opponents called it a failure and waste of taxpayer dollars.

Three team members to leave

Three key members of the natural gas pipeline team are among the commissioners whose resignations the governor has accepted: Resources Commissioner Tom Irwin, Revenue Commissioner Pat Galvin, and deputy Resources Commissioner Marty Rutherford, who led the team.

The gas project is still in early stages: Two competing pipeline companies — one led by BP and ConocoPhillips, the other led by TransCanada Corp. and ExxonMobil — say they have received conditional bids from prospective gas shippers but no firm commitments yet.

Under the state’s plan, Palin granted a license to TransCanada, making the Canadian company and Exxon eligible for $500 million in state reimbursement for their spending to advance the pipeline. The state hopes to have the gas line built and producing gas by 2020.

—The Associated Press





Copyright 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistrubuted.

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.