Another Gas Pipeline Project Expected to Miss Deadline

Associated Press

Another major natural gas pipeline project in Alaska is expected to miss a self-imposed deadline for securing agreements with shippers.

Scott Jepsen, vice president for business services with the Denali gasline project tells The Associated Press the pipeline is not likely to have agreements in place by the end of the first quarter, as hoped.

Jepsen says negotiations are taking longer than anticipated. He says no agreements have been signed with shippers who had earlier expressed interest in the multi-billion project.

Jepsen says it’s unclear whether the project will have the support it needs to move forward.

TransCanada Corporation is working with Exxon Mobil Corporation to advance a competing line. It failed to meet its self-imposed target for agreements at the end of last year. The company is continuing negotiations.

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