Inducement

The TransCanada Alaska Co. LLC (TC Alaska) natural gas pipeline is on target to complete an initial open season by the end of next July, according to a report by Alaska Gasline Inducement Act (AGIA) coordinator Mark Myers.

The Alaska Gasline Inducement Act (AGIA) — the pipeline development initiative of former Gov. Sarah Palin — used a flawed financial analysis and overstated the “economic vitality” of the project, making the prospects for construction of an actual pipeline “doubtful,” according to an analysis by a petroleum economist who used to work for the state.

The Alaska Gasline Inducement Act (AGIA) — the pipeline development initiative of former Gov. Sarah Palin — used a flawed financial analysis and overstated the “economic vitality” of the project, making the prospects for construction of an actual pipeline “doubtful,” according to an analysis by a petroleum economist who used to work for the state.

The Alaska Gasline Inducement Act’s (AGIA) 20-month process came to its conclusion Friday with the approval of a natural gas pipeline license for TransCanada Corp. on a state Senate vote of 14-5.

The Alaska Gasline Inducement Act’s (AGIA) 20-month process came to its conclusion Friday with the approval of a natural gas pipeline license for TransCanada Corp. on a state Senate vote of 14-5.

While many in Alaska and elsewhere have harbored doubts that the Alaska Gasline Inducement Act (AGIA) would yield a viable proposal for a pipeline to commercialize the state’s vast gas reserves, last week two of the three major North Slope producers joined hands and stepped up to the task. Their gasline gambit has stirred new optimism that a pipeline might actually get built.

Although Alaska Gov. Sarah Palin has narrowed the field of gasline contenders to one — TransCanada — through the Alaska Gasline Inducement Act (AGIA) process, the door has reopened to a previously rejected candidate. Producer ConocoPhillips also is still in the hunt with its non-AGIA proposal, and a former governor told NGI that a rethink of the project is in order on a number of fronts.

Although Alaska Gov. Sarah Palin has narrowed the field of gasline contenders to one — TransCanada — through the Alaska Gasline Inducement Act (AGIA) process, the door has reopened to a previously rejected candidate. Producer ConocoPhillips also is still in the hunt with its non-AGIA proposal, and a former governor told NGI that a rethink of the project is in order on a number of fronts.

The Alaska Gasline Inducement Act (AGIA) was passed by the state’s House and Senate finance committees with relatively minor changes late Thursday, and Gov. Sarah Palin said she was optimistic the bill would pass the Legislature with most of the original language intact. Floor votes on both bills were expected on Friday.