Alaska Business Insider

Alaska’s economy never stands still. One minute the oil industry is booming while tourism companies are tottering, and the next the construction industry is laying down its hammers while fishermen are enjoying strong catches.

In this blog we’ll track those highs and lows, resource development disputes, new ventures and many other topics. We’ll rely on our own reporting as well as bring you relevant news from other media or any other source that has information of interest to people following Alaska industries, from mining to retail to real estate.

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Missed deadlines on North Slope gas line

From Elizabeth Bluemink –

Both of the companies competing to build a gas line from Alaska’s North Slope to Lower 48 markets have fallen behind on their self-imposed deadlines to sign agreements with potential gas shippers.

TransCanada had planned to announce its signed agreements by Dec. 31. The Denali project, headed up by BP and Conoco Phillips, had planned to sign agreements by Feb. 1 Both deadlines passed without an announcement from the companies.

“Both companies state that they are continuing commercial discussions with potential shippers and are working to resolve conditions on the bids,” according to a status report from the Federal Energy Regulatory Commission submitted to Congress on Thursday.

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