Advertisement

Alaska gas line group seeking federal funds for 1st phase

(CNN)
Published: Feb. 5, 2021 at 7:27 AM AKST
Email This Link
Share on Pinterest
Share on LinkedIn

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.

Copyright 2021 The Associated Press. All rights reserved.