All around the world: Canada News

Some wind but very nice sunshine outside. Haven’t blogged for couple days. The football game last night was great!

• TransCanada and Exxon asked the U.S..Federal Energy Regulatory Commission and Canadian regulators to approve plans for two potential pipelines.
• The first option is a 1,700-mile pipeline from Prudhoe Bay into the Canadian province of Alberta, which would connect with TransCanada’s existing pipeline system that carries gas into the U.S..Initial plans are for 4.5 billion cubic feet per day of capacity, expandable to 5.9 billion cubic feet per day.
• The second option is an 800-mile pipeline that would carry up to 3 billion cubic feet per day of gas to Alaska’s southern port in Valdez, where it could be compressed into liquified natural gas and shipped to the U.S..or international markets, and estimated to cost between $20 billion to $26 billion.
• TransCanada and Exxon’sAlaska pipeline project is in direct competition with the similar Denali Alaska pipeline being planned by BP PLC (BP) and ConocoPhillips (COP).
• The first option is a 1,700-mile pipeline from Prudhoe Bay into the Canadian province of Alberta, which would connect with TransCanada’s existing pipeline system that carries gas into the U.S..The Alaska-Alberta pipeline would carry up to 4.5 billion cubic feet per day of gas initially, but could be expanded to 5.9 billion cubic feet per day.
• The second option is an 800-mile pipeline that would carry up to 3 billion cubic feet per day of gas to Alaska’s southern port in Valdez, where it could be compressed into liquified natural gas and shipped to the U.S..or international markets, and estimated to cost between $20 billion to $26 billion.
• If they are approved, TransCanada and Exxon plan to hold an open season from May to July in which they will auction off capacity on either potential pipeline to producers.
• The last estimate is that the Denali project will cost more than $30 billion.
• Denali’s open season is planned for April.
• TransCanadasaid last week that there had been no “concrete negotiations” with Denali.
• The North Slope holds some 35 trillion cubic feet of known gas reserves and the state estimates there could be 215 trillion cubic feet of undiscovered reserves.

Full Story: Alaska Pipeline Project Files Open Season Plan With FERC

Too much going on last few days. Haven’t blogged for couple days. The talk today was pretty refreshing. An intereing article from Yahoo Finance.

• The open season process initiated with FERC applies to the portion of the project in the United States.
• The second option would transport natural gas from the North Slope to Valdez, Alaska, a distance of approximately 800 miles (1,287 kilometres), where it would be converted to liquefied natural gas in a facility to be built by others and then delivered by ship to North American and international markets.
• The Alaska Pipeline Project provides Alaska a viable opportunity to develop its North Slope gas resources and is designed to deliver a reliable and secure source of clean energy to markets for decades to come.
• TransCanada’s network of wholly owned pipelines extends more than 59,000 kilometres (36,500 miles), tapping into virtually all major gas supply basins in North America.
• A growing independent power producer, TransCanada owns, or has interests in, over 11,800 megawatts of power generation in Canada and the United States.
• TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP.
• Additional information on these and other factors is available in the reports filed by TransCanada with Canadian securities regulators and with the U.S..Securities and Exchange Commission (SEC).

Full Story: The Alaska Pipeline Project Files Open Season Plan With FERC-…

Stayed up pretty late last night and got up late this morning. Not much news today really. pipeline

• (XOM) filed their plans with regulators Friday to build a natural-gas pipeline in Alaska, moving a step closer to bringing a major new source of gas to market.
• The second option is an 800-mile pipeline that would carry up to 3 billion cubic feet per day of gas to Alaska’s southern port in Valdez, where it could be compressed into liquefied natural gas and shipped to the U.S..or international markets, and estimated to cost between $20 billion and $26 billion.
• TransCanada and Exxon’sAlaska pipeline project is in direct competition with a similar project planned by BP PLC and ConocoPhillips, called the Denali pipeline.

Full Story: 2ndUPDATE: TransCanada, Exxon File Alaska Pipeline Plans