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Teen solves centuries-old math problem
JUNEAU, Alaska, Aug. 26 (UPI) -- TransCanada and Denali are expected to file federal permits for their rival natural gas pipelines to the lower 48 by October 2012.
TransCanada and Denali, a joint venture between BP and ConocoPhillips, are competing to develop a natural gas pipeline from the Alaskan North Slope. TransCanada has state support for the project but lacks federal approval. Denali, for its part, is spending its own money to develop the pipeline.
Denali announced recently it had delayed its schedule for filing federal permits back from its original date in August 2011.
Both companies said they are moving forward with plans with the open season, a gas procurement process, by 2010, the Fairbanks Daily News-Miner reports.
Alaska Gov. Sean Parnell said he would continue the advocacy campaign for the TransCanada pipeline when he took the reins from his predecessor Sarah Palin in July.
New technologies to unlock gas from shale deposits from the lower 48 and declining energy prices, however, cast doubts over the development of the Alaskan pipeline.
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