Happy Independence Day Egypt and America; Defend Your Constitutions Against All Enemies, Both Foreign and Domestic!  -dh

Alaska Extends TransCanada Agreement

Platts.  Alaska has extended an agreement with TransCanada Alaska Governor Sean Parnell, Photo By Dave Harbourthat sees the state offer subsidies for the firm’s work on a natural gas pipeline and LNG export project in the state, a state official said Wednesday. The previous agreement expired June 30.  Governor Sean Parnell (NGP Photo) is still unhappy with the rate of progress on the project, but the state believes TransCanada and North Slope producers are making progress toward a key milestone, an agreement to begin pre-Front End Engineering and Design on the project, state Deputy Natural Resources Commissioner Joe Balash said in an interview.  Parnell had expected a pre-FEED agreement to be in place by June 30, but it was not. The pre-FEED step would represent the first substantial investment, estimated at several hundred million dollars, by the companies involved in the project.