May 2011, Vol. 238 No. 5

Projects

Denali Discontinues Gas Pipeline Project

Denali, the Alaska Gas Pipeline, announced May 17 that its open season efforts have not resulted in the customer commitments necessary to continue work on its Alaska North Slope gas pipeline project, which has an overall estimated capital cost of $35 billion (2009 dollars). Denali will withdraw its Federal Energy Regulatory Commission pre-file application and, over the next few months, close out its operations. “Denali is ending its efforts because of a lack of customer support,” said Bud Fackrell, Denali president. “Denali is a market-driven company. As such, we cannot spend the billions of dollars necessary to advance the project unless we have binding agree

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