Competing pipeline project to begin seeking bids

Posted: Wednesday, July 07, 2010

JUNEAU - Denali is set to start seeking shipping commitments for a major natural gas pipeline project in Alaska.

Tuesday's scheduled open season by Denali, a joint effort of ConocoPhillips and BP, comes as a competing project, led by TransCanada Corp., enters the last weeks of its open season.

Both projects propose similar lines to take gas from Alaska's North Slope to North American markets by large lines to Canada, with goals of being in service by around 2020. Denali estimates its project cost at $35 billion; TransCanada, $32 billion to $41 billion.

TransCanada has said little about its talks so far, though one official has said he expects down-to-the-wire bids as TransCanada's open season comes to a close at month's end.

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