Engineers working on an in–state natural gas pipeline proposal presented Alaska legislators with revisions that would significantly lower the cost of gas delivered to Fairbanks.
Alaska Gasline Development Corp. pipeline engineering manager Frank Richards says the new plan eliminates infrastructure required to carry natural gas liquids, which were a part of the previous pipeline concept.
He says the world market is glutted with gas liquids. Eliminating them from an in–state line from Prudhoe Bay to south–central Alaska would allow the project to move gas at lower pressure in larger, more industry–friendly pipe.
It would also eliminate the need for a plant at Fairbanks to remove gas liquids.
He says the project needs $400 million to fully advance to the decision stage.
Gov. Sean Parnell's budget proposes spending $25 million.