Canadian Offshore: Arctic gasline rivals advance; exploration continues

TransCanada PipeLines Ltd. and its partners say they are ready to submit a proposal to Alaska producers to build an $8 billion natural gas pipeline from Prudhoe Bay, Alas., to Gordondale, in northwest Alberta, where it would tie into TransCanada's Nova pipeline system. The 42-in. or 48-in. line would have an initial capacity of 2.5 bcfd. It would cost $7 billion to get the gas to Alberta and an additional $1 billion to expand pipeline facilities in Alberta. Click here to enlarge imageCEO Hal Kvisle says TransCanada would extract liquids before shipping the gas from Alberta to markets in the US Midwest and making it available for petrochemical development. Partners in the proposal in...

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