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Latest Business News

Alaska OKs Natural Gas Pipeline Bill

Saturday, May 12, 2007 1:13:53 AM
By STEVE QUINN

JUNEAU, Alaska (AP) - Both houses of the Alaska Legislature on Friday approved a bill establishing a path for a multibillion dollar natural gas project designed to tap a huge heating fuel supply and transport it to the rest of the country.

The bill, called the Alaska Gasline Inducement Act or AGIA, will now go to the Senate Finance Committee to work out slight differences in versions passed by the Senate and House.

Under AGIA, producers and independent pipeline companies can vie for rights to build the pipeline that lawmakers hope will ship trillions of cubic feet of North Slope natural gas to market.


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