TransCanada files stranded gas development act application for Alaska Highway pipeline

June 7, 2004
TransCanada Corp., Calgary, has filed application with Alaska under the Alaska stranded gas development act for the Alaska Highway pipeline project and is seeking right-of-way across state lands.

By OGJ editors

HOUSTON, June 7 -- TransCanada Corp., Calgary, has filed application with Alaska under the Alaska stranded gas development act for the Alaska Highway pipeline project and is seeking right-of-way across state lands.

TransCanada anticipates that fiscal negotiations between Alaska and the North Slope producers will continue at the same time as right-of-way activities and review of TransCanada's stranded gas development act application.

"Although the original route application was filed years ago, we have updated the design to include the latest in technology and to ensure we meet or exceed today's environmental and regulatory standards," said Hal Kvisle, TransCanada's CEO.

Once the right-of-way lease application is approved, TransCanada would be prepared to convey the lease to another corporation or partnership if appropriate commercial agreements are in place. The lease conveyance would also require an interconnection agreement with TransCanada at the Yukon-Alaska border. In the meantime, TransCanada said it would continue to play a leadership role to advance the project.