Monday, July 30, 2012

Another Open Season

OK, we're off to the races with a non-binding open season intended to gauge buyer interest in Alaska gas.  Pardon me if I'm not too excited,  but this is only done to fulfill AGIA requirements.  From Bloomberg:

The Alaska Pipeline Project being developed by TransCanada Corp. and Exxon Mobil Corp. will judge interest in shipping natural gas from Alaska's North Slope to a terminal in southern Alaska or Canada.
The companies said Monday they will conduct a nonbinding solicitation from Aug. 31 to Sept. 14 to identify shippers who might want capacity on the pipeline.
I think I like the way the Canadians do it better, you know where they get customers to take equity positions then move forward with a plan. (LINK).  Looking forward to Sept 14th.

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