The Houston Chronicle reported today that Exxon Mobil is in discussions with TransCanada to help it build a massive pipeline to move natural gas from the North Slope of Alaska to U.S. markets, according to a source familiar with the deal. The move could undermine a competing effort by ConocoPhillips and BP.
Irving-based Exxon would not be just a passive customer of the pipeline, which could cost as much as $30 billion and run 1,700 miles, but would likely be involved in the design and construction, according to the source. Exxon has deep expertise with large construction projects, including in harsh climates like Alaska.
TransCanada was granted a license from the state of Alaska in January 2008 to build the long-sought companion to the Trans-Alaska Pipeline System, which has been moving oil to U.S. markets since 1977.
A TransCanada-Exxon partnership would bolster the state-backed project, since Exxon holds many of the largest natural gas fields on the North Slope.
The full article is available at: http://www.chron.com/disp/story.mpl/business/6469570.html
Irving-based Exxon would not be just a passive customer of the pipeline, which could cost as much as $30 billion and run 1,700 miles, but would likely be involved in the design and construction, according to the source. Exxon has deep expertise with large construction projects, including in harsh climates like Alaska.
TransCanada was granted a license from the state of Alaska in January 2008 to build the long-sought companion to the Trans-Alaska Pipeline System, which has been moving oil to U.S. markets since 1977.
A TransCanada-Exxon partnership would bolster the state-backed project, since Exxon holds many of the largest natural gas fields on the North Slope.
The full article is available at: http://www.chron.com/disp/story.mpl/business/6469570.html