Five companies, partnerships and entities have submitted proposals to build a massive pipeline from Alaska's North Slope to bring the region's vast but long-languishing natural gas reserves to markets thousands of miles away, state officials announced late on Friday.
The proposals, submitted under the Alaska Gasline Inducement Act passed by the legislature earlier this year, will vie against each other for state support. Friday was the deadline for applications to be submitted.
"This is such an exciting day for Alaska and really an exciting day for America," Gov. Sarah Palin, who organized the competitive-bidding strategy, said at a news conference. "Today's progress under AGIA demonstrates to the world that Alaska is well on our way to bringing this long sought-after infrastructure, a natural gas pipeline, to fruition."
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