TRANSCANADA and EXXON SIGN A DEAL!

Gov. Sarah Palin with executives of TransCanada
BREAKING NEWS!
GOV. SARAH PALIN'S AGIA MAY PRODUCE A PIPELINE AFTER ALL!
EXXON AND TRANSCANADA, LTD. HAVE SIGNED AN AGREEMENT FOR EXXON TO PARTICIPATE IN TRANSCANADA'S PROPOSED PIPELINE UNDER AGIA!!!!
THIS IS A MAJOR ABOUT FACE FOR EXXON.
THIS IS ALSO A MAJOR VINDICATION FOR GOVERNOR SARAH PALIN!!!!
While details are lacking, the participation of Exxon brings AGIA into the realm of reality.
The schedule of events leading to Alaska's gas moving to market is as follows:
Open Season for prospective customers and commitments for NG supplies will happen by July, 2010.
Start of Construction: 2016
Pipeline operational: 2018
Along with the construction of the pipelien from the North Slope to Alberta will be a spur line to Palmer, Alaska from Big Delta to supply the dwindling south central natural gas supply in Cook Inlet.
It appears, given the mileage (1,700) of the pipeline given by the companies, that the TransCanada/Exxon pipeline will terminate at the Alberta Hub for distribution to market.
It is speculated that Alaska's natural gas will be sent in several directions. One possibility is for the gas to be used for tar sands oil recovery. Another is looping the natural gas back to Kitimat for conversion to LNG and shipment to Asian markets. The other use is for distribution through the Canadian pipeline system for use in Canada and U.S. heating and power markets.
Although, I wrote about an alternative, due to the lack of progress, it certainly looks like Gov. Sarah Palin and her Administration have won the pipeline wars.
It is speculated that Governor Paln is down in Houston, TX finalizing the State's position with Exxon.
Good job, Sarah!
http://www.chron.com/disp/story.mpl/business/6469570.html