|  August 20, 2014  |  
Partly Cloudy   61.0F  |  Forecast »
Bookmark and Share Email this page Email Print this page Print Feed Feed

Begich Reacts to Denali Withdrawal of Pipeline Project

U.S. Sen. Mark Begich today released the following statement after Denali - The Alaska Gas Pipeline Project announced it is stopping work on plans to build an Alaska natural gas pipeline:

"Like many Alaskans, I am disappointed to hear today's news that the Denali project is no longer pursuing the gas line.  We've always known a gas line can only succeed if there is a market for the gas, and prices are low while supplies are plentiful in the lower 48 markets right now.

"But this is also about planning for the long-term and the growing U.S. demand for gas, especially from utilities, could make the Alaska pipeline economically possible down the road.

"There's no doubt Alaska needs a gas line for 2020 and beyond to attract the investment dollars that will be necessary to produce more oil. I hope the State and the producers can all work together to move an Alaska gas line forward in the future. I stand ready with the rest of the Alaska Congressional Delegation to move increased loan guarantees forward to help secure a pipeline project."

Add your comment:
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement