State Gives TransCanada OK To Shift Attention To Gas Pipeline

The state of Alaska has given TransCanada Corp. permission to shift its attention to a natural gas pipeline project to tidewater in the state that would be capable of overseas exports.

This was requested by TransCanada after the North Slope’s major players announced that they were aligning with TransCanada to pursue an alternative liquefied natural gas project.

TransCanada, which has an exclusive license with the state to pursue a line, had been focused mainly on a pipeline that would run into Canada. But the company hadn’t announced any agreements with producers for it.

TransCanada faced an October deadline to apply to the Federal Energy Regulatory Commission for a certificate to build and operate the pipeline but the state pushed that back two years, to 2014, to accommodate the change in focus on projects.

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