Wednesday, October 15, 2008


Gazprom eyes role in Denali pipeline project in Alaska
By Steve Gelsi (LINK)

NEW YORK (MarketWatch) -- Officials from Russian energy giant Gazprom on Tuesday reiterated interest in taking part in a pipeline project to transport natural gas from Alaska to the U.S. market, according to published reports. In a recent visit to Alaska, the world's largest gas producer discussed gas production, transport and supply with counterparts in the U.S., including ConocoPhillips CEO Jim Mulva. ConocoPhillips and BPhave proposed the $30 billion Denali pipeline project to connect natural gas fields in the North Slope of Alaska to the lower 48 states
From Reuters (LINK)
"Gazprom has accumulated great experience in exploring hydrocarbon deposits, building and using gas pipelines in the Far North environment. Gazprom's experience will be relevant in realisation of similar projects in Alaska," it said in the statement, without specifying what projects were discussed.

Gazprom's Chief Executive Alexei Miller, who headed the delegation, said in June his firm wanted to join a gas pipeline project to pump the fuel from Alaska across Canada to the U.S. market and had made a proposal to oil majors BP (BP.L: Quote, Profile, Research, Stock Buzz) and ConocoPhillips.

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