Northern Gas Pipelines Updates for Feb. 23
Kinder Morgan to decide on TransMountain expansion by March - Financial Post, Rebecca Penty - Kinder Morgan Energy Partners LP said Tuesday it has received commercial support to decide by the end of March on a $3.8-billion expansion of the Trans Mountain oil pipeline that could double existing capacity to connect growing Alberta oil sands production with Canada’s West Coast.
Interior Alaska senators seek gas line from Cook Inlet – Fairbanks Daily News Miner - The bill would draw on work already done under the mothballed Beluga to Fairbanks line studied by the Alaska Natural Gasline Development Authority and the Alaska Stand Alone Pipline. Because of lower costs of building a shorter line, using existing infrastructure and lower construction costs, the senators said they believe this plan would be the fastest, cheapest way to deliver natural gas to the Interior.
Canadian oil: Could some of it be headed for California? - Los Angeles Times, Kim Murphy - Analysts say California could see as much as half of the oil transported out of the tar sands of northern Alberta to a port on the coast of British Columbia, where it would be loaded onto tankers for destinations as yet unknown.
Oil firm may go with the flow - The Province, Scott Haggett - Kinder Morgan Energy Partners LP said on Tuesday it has received enough binding commitments from shippers to begin design work on a proposed $3.8 billion project that would double the size of its 300,000-barrel-per-day Trans Mountain oil pipeline from Alberta to Vancouver.
How to Play the Potential of LNG Exports - InvestorPlace, Aaron Levitt - As prices continue to hover around these historic levels, U.S. producers have begun the process of either idling wells or looking outward for other sources of demand. One answer could be found in Asia. The region’s unquenchable thirst for energy could be the key for the United States to unlock its potential as powerhouse natural gas exporter. For investors, playing these exports could be the best way to bet on the domestic natural gas sector.