Construction Law

Alaska’s Thirty Billion Dollar Natural Gas Pipeline ("Palin’s Pipeline") May be Delayed

By John P. Ahlers

After Governor Sarah Palin returned home from the campaign trail, the thirty billion dollar pipeline she has been touting may well be in jeopardy. The economy downturn has lowered the demand for natural gas and has caused a decrease in the price of gas. The State of Alaska may not have adequate amount of funds to begin construction. Energy consultant Pedro van Meurs was quoted as saying: "Current economic conditions are not good for the Alaska gas line, and I expect considerable delays in the initiation of its construction."

http://onlinewsj.com/article/SB122706058287939735.html

Full post as published by Construction Law Blog on November 26, 2008 (boomark / email).