Shale Gas Puts Alaska Line in Doubt

Billionaire oil investor T. Boone Pickens said this past Wednesday, that he doubts a $26 billion natural gas pipeline from Alaska will be built any time soon as abundant new shale gas supplies reduce the need for the expensive project.

Pickens, who is promoting a plan to boost investment in wind power and natural gas to cut U.S. oil imports, said at a Calgary appearance that he sees little need for Alaskan gas given massive shale gas discoveries in the Haynesville and Barnett shale plays in Louisiana,Texas and elsewhere. “All the proven gas on the Arctic coast is 39 (trillion cubic feet). That’s not as much as you have in the Barnett shale,” Pickens said at a Calgary speech. “I don’t think a pipeline from Alaska through Canada to the lower-48 makes sense.”

Alaska has 39 tcf of gas, way up in the North. Haynesville [in Louisiana and Texas] has potentially 70 tcf of gas [close to the market], so where would you be going to get the natural gas??
Posted by: C Keddy

Source: LNGpedia

Short URL: http://naturalgasforamerica.com/?p=454

Posted by admin on June 23rd, 2009. Filed under Natural Gas, Shale Gas. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry