Senate approves HB 138

The Alaska Senate passed Governor Sean Parnell's bill authorizing the state to invest in a large gas pipeline and liquefied natural gas project this week.

Senate Bill 138 passed 15 to 5. It now moves on to the House.

The state and TransCanada would team up with the three major North Slope gas owners ExxonMobil, ConocoPhillips and BP.

A large gas treatment plant on the North Slope, an 800–mile, 42–inch pipeline and a large LNG plant in Nikiski will be needed.

The bill is expected to pass the Republican–controlled state House, but a critical review of the role of TransCanada Corporation is expected there.