ANCHORAGE, Alaska, Feb. 22 (UPI) -- Alaska and three major oil companies agreed to build a $20 billion natural gas pipeline from the North Slope to southern markets.
Plans call for the 52-inch line, to be built by BP PLC, Exxon Mobil Corp. and ConocoPhillips, to be completed between 2012 and 2014 and transport as much as 4.5 billion cubic feet of gas per day.
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The line will stretch from several hundred miles north of the Arctic Circle into Canada, and most of the gas would end up in Chicago and distributed from there.