Alaska Pipeline Project Soliciting Interest in Alaska North Slope Pipeline

The Alaska Pipeline Project, a joint effort between affiliates of TransCanada Corporation and Exxon Mobil Corporation, announced that it will conduct a non-binding public solicitation of interest in capacity on a potential new pipeline system that would transport Alaska North Slope gas. The solicitation of interest is in accordance with TransCanada’s obligation under the Alaska Gasline Inducement Act to reassess market interest in a pipeline transportation system for Alaska North Slope gas every two years after its first open season. The pipeline project would transport gas from Alaska’s North Slope to an LNG terminal located in south-central Alaska or to a point of interconnection in Canada near the border of British Columbia and Alberta.

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