NEW YORK Exxon
Mobil Corp., BP Plc, ConocoPhillips Co. and TransCanada Corp.
have selected a site in the Nikiski area on the Kenai Peninsula
in Alaska as the probable site for a liquefied natural gas
(LNG) project that is expected to cost $45 billion to $65
billion or more, Exxon said on its website.
The project will
include a gas treatment plant, an 800-mile, 42-inch pipeline
with up to eight compression stations and at least five offtake
points for in-state gas delivery and a liquefaction plant and
terminal, although the companies are still refining the project
concept, the company said.
"A successful project
could provide a host of economic benefits to Alaskans,
including state revenues, new job opportunities and access to
decades of domestically produced natural gas for homes and
businesses," Houston-based Exxon said.
However, it cautioned
that "a number of engineering, technical, regulatory, fiscal,
commercial and permitting issues still need to be resolved"
before the project can proceed.
More than 20 locations were considered in the site selection
process, according to Exxon.