Referenced Stocks

TransCanada Hits Yr Highs; To Gauge Interest in Alaska LNG Project - report

By Midnight Trader,  July 30, 2012, 03:33:38 PM EDT

TransCanada Corp (TRP.TO) said on Monday it will gauge interest from potential shippers in a project to move Alaska North Slope gas to a proposed liquefied natural gas terminal on the Pacific Coast, further moving away from the concept of a long-haul pipeline to U.S. markets, Reuters reported.

TransCanada and its partner, Exxon Mobil Corp ( XOM ), said they will seek non-binding expressions of interest in a line that would move the fuel, which has long been stranded with no access to markets, to a new LNG plant in south-central Alaska or a pipeline interconnection on the border with British Columbia.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: XOM



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