|
|
Article: Trends in the Region Bonds May Fuel Alaska's Plans for a North Slope Gas Pipeline.
- Article from:
- The Bond Buyer
- Article date:
- January 30, 2004
- Author:
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Oil from the North Slope has filled the Alaska Pipeline for almost a quarter century, pumping money into the state's government and economy.
The North Slope is also rich in natural gas but there is no pipeline to get it out. That may change soon, and billions of dollars of tax-exempt bonds could play a key role.
A natural gas pipeline could provide another resource bonanza for the 49th state -- one estimated at $400 million to $1 billion a year for the treasury in a state with a $6.1 billion budget.
Alaska's voters in 2002 created the Alaska Natural Gas Development Authority, or ANGDA, to develop a natural gas pipeline to the port of Valdez and ...