Perhaps it was an accident that reports about BP Pipelines, ConocoPhillio, ExxonMobil Transportation Company, Unocal Pipeline Company, and TransCanada, failing to mention of how Koch will benefit from the Alaska Pipeline Project. Like the truth is missing there the truth is missing in that Koch ad’s false statements about the President exploring for energy in Alaska. President Obama actually said he would support drilling as well as seeking new green energy sources alternative to gas. The Koch Brothers can put up Smoke and Mirrors, but When all said and done the facts revealed show the Koch Brothers will be a direct benefactor of the profits made when this new Alaska Project is finished.
Recently reading about TransCanada’s plans for Alaska I remember a blog I did back in January 2012 about Koch Industries, BP-Alaska, and ConocoPhillips during 2011 trying to Raise Cost of Interstate Transport of Crude Oil. I recall the North Slope and how Koch was tied to it, and so referring back to that earlier blog Koch is a partner in the pipeline that will play major part in the Alaska Pipeline Project.
Koch is very much involved with TAPS the pipeline that will be very much involved in the activity of the North Slope.
On May 11, 2011, Koch Alaska Pipeline Company, L.L.C.
(Koch) also filed FERC Tariff 20.2.0 for transportation of petroleum on the TAPS
pipeline proposing an increase to the interstate rate for transportation of crude oil
on Koch’s share of capacity raising its per barrel price from $4.37 to $5.05. (1)
Conoco and Koch state that each calculated their respective rates in accordance
with the ratemaking methodology prescribed by the Commission for TAPS in Koch Industries, BP-Alaska, and ConocoPhillips Filed in 2011 to Raise Cost of Interstate Transport of Crude Oil, Effecting What You Pay, While Fighting Taxes They Have to Pay (Complete Wording of Document Filing Included)
The Alaska project itself began between Exxonmobil and Transcanada in 2009, but as I mention they are partners in TAPS, and TAPS is at the very heart of the Alaska Pipeline Project. The petroleum of the Alaska North Slope is transferred south by means of the Trans-Alaska Pipeline System (TAPS).
According to the TAPS Guide
TAPS is an 800-mile pipeline system that transports crude oil from Alaska’s North Slope to Port Valdez on Alaska’s Prince William Sound. Alyeska Pipeline Service Company operates TAPS, with regulatory oversight through the Joint Pipeline Office.
TAPS is operated by Alyeska Pipeline Service Company on behalf of six owner companies.
On Koch Alaska Pipeline Company, L.L.C. says mentions the same basic information of its ties to TAPS. Its located on their ‘Investment’ site.
Trans Alaska Pipeline System (TAPS).
TAPS Owner Companies
BP Pipelines (Alaska) Inc. (46.93%)
ConocoPhillips Alaska Transportation Inc. (28.29%)
ExxonMobil Transportation Company (20.34%)
Unocal Pipeline Company (1.36%) is a subsidiary of Cheveron
Koch Alaska Pipeline Co. LLC (3.08%)
“(Reuters) – Alaska has reached a settlement with Exxon Mobil Corp (XOM.N) and its partners to develop a huge, long-fallow oil and gas field, possibly paving the way for a $26 billion pipeline and an export plant for liquefied natural gas.”
Reuters Article:
“In exchange for continued lease control, operator Exxon and partners BP (BP.L) and ConocoPhillips (COP.N) have agreed to build a pipeline from the field to deliver 70,000 barrels per day of liquids into the Trans Alaska Pipeline System.
The settlement also calls for the companies to produce 10,000 barrels per day of natural-gas condensates by the winter of 2015-16, state officials said.
The deal is a boon for TransCanada (TRP.TO), which plans to build a natural gas pipeline from Alaska’s North Slope to the south coast, feeding a possible export plant that would ship gas to thirsty markets in Asia.
Alaska Governor Sean Parnell said the companies had agreed to work with TransCanada Corp (TRP.TO) on the new pipeline project, which proposes to export gas just as Alaska’s 40-year-old and only existing LNG plant at Kenai closes down.”
Reblogged this on Frederica Cade's Blog.
Posted by FREDERICA CADE | April 2, 2012, 2:34 pm