Senator Bill Wielechowski Applauds Progress On Gas Line DevelopmentSenator Bill Wielechowski (D-Anchorage) today applauded the proponents of the Denali Pipeline Project for their successful completion of an “open season,” during which potential shippers of gas were given the opportunity to bid for space in the line.
“I am heartened that both this project as well as the ‘Alaska Pipeline Project’ being advanced by TransCanada and ExxonMobil report having received bids for significant capacity,” Wielechowski said. “This is the most tangible progress we’ve seen to date on getting a pipeline built.”
Wielechowski acknowledged that both projects still have a long way to go. Negotiations are already underway between those who bid for space on the “Alaska Pipeline Project” and those proposing to build it. Similar negotiations will soon be underway for the Denali Project.
“This is what we hoped for when we passed AGIA,” Wielechowski added. “We have two entities both spending millions of dollars to move this project forward. Hopefully this will result in pipe being laid and Alaska’s gas getting to market by 2020.”
Denali reported spending more than $150 million and 700,000 person-hours of labor preparing for its open season.
Posted: October 6, 2010