Alaska gas line group seeking federal funds for 1st phase

Published: Feb. 5, 2021 at 7:27 AM AKST
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JUNEAU, Alaska (AP) - A state-sponsored corporation has proposed seeking federal infrastructure funds to advance an initial phase of a mega-gas project that would bring gas from the northern Point Thomson gas field to Fairbanks.

A resolution passed by the Alaska Gasline Development Corp. board Thursday states that the corporation has identified a “strategic party” that could lead that initial phase, including pipeline development, ownership and operation. The party wasn’t identified.

The corporation president estimated the cost of the initial phase at about $5.9 billion. He says federal money would be necessary to move forward with that phase.

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