Williams to study Alaska gas and petrochemical projects

Williams, Tulsa, said told the Alaska Highway Gas Policy Council in Anchorage Thursday it supports a pipeline to deliver gas from the North Slope to markets in Alaska, Canada, and the Lower 48 states. Williams also plans a feasibility study regarding potential petrochemical investments in Alaska.


By the OGJ Online Staff

HOUSTON, May 25 -- Williams, Tulsa, said Thursday it will increase its efforts to pursue Arctic gas and liquids developments.

Cuba Wadlington Jr., executive vice-president of Williams and president and CEO of Williams Gas Pipeline, met with the Alaska Highway Gas Policy Council in Anchorage to stress the company's commitment to building a pipeline to deliver gas from the North Slope to markets in Alaska, Canada, and the Lower 48 states.

Wadlington also said Williams plans a feasibility study regarding potential petrochemical investments in Alaska.

He said, "Williams is initiating a process to substantially accelerate efforts to participate in the development of a pipeline that will bring North Slope gas to market. The production of this gas also brings the potential for new natural gas liquids investments, such as the potential for petrochemical development in Alaska."

Williams has more than $340 million in assets in Alaska. It owns a 210,000 b/d refinery near Fairbanks, petroleum terminals, convenience stores, and 50% of an air-cargo terminal. It also has 14.6% of the Alliance pipeline system, which delivers 1.5 bcfd of wet gas from western Canada to the Chicago area.

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