| Governor plans to call for company buy-out in gas project | |
| | |
|
JUNEAU, Alaska (AP) -- Gov. Bill Walker said Monday that he plans to recommend to legislators that the state buy out TransCanada Corp.'s position in the major liquefied natural gas project that Alaska is pursuing. Under an agreement that predates Walker's administration, TransCanada, a Canadian pipeline company, would hold the state's interest in the pipeline and gas treatment plant, with the state having an option to buy back part of that interest. During the legislative debate on the issue in 2014, it was cast as a way for the state to not have to bear as much in upfront costs as it would without that partnership. But the agreement also contains language allowing the state to terminate that arrangement, though the state would have to reimburse TransCanada for its development costs, plus 7.1 percent. In an interview with The Associated Press, Walker said the pipeline is an important piece of the project, and the state needs to be more involved in that work. "We need a seat at the table," he said. "Right now, they have our seat." |
|
|
ConocoPhillips
|
|
|
CODE : COP |
ISIN : US20825C1045 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ConocoPhillips is a producing company based in United states of america. ConocoPhillips is listed in Germany and in United States of America. Its market capitalisation is US$ 152.2 billions as of today (€ 142.8 billions). Its stock quote reached its lowest recent point on December 31, 1991 at US$ 10.94, and its highest recent level on April 22, 2024 at US$ 129.33. ConocoPhillips has 1 177 107 000 shares outstanding. |