Denali estimates Alaska gas pipeline will cost $35 billion

JUNEAU, Alaska - Details of the Denali project, a joint effort of ConocoPhillips and BP PLC, were released on April 6 in a filing with the Federal Energy Regulatory Commission. The pipeline to move natural gas from Alaska's North Slope to North American markets will cost an estimated $35 billion, according to its planners.
Denali proposes a pipeline stretching more than 1,700 miles, with delivery points along the way to help meet gas needs in Alaska and Canada. It bills the project as "one of the largest private investments in the history of North America."
Denali is competing with a proposal being advanced by Calgary, Alberta-based TransCanada Corp. and Exxon Mobil Corp., of Irving, Texas. That project, which has been promised up to $500 million from the state for eligible costs, has estimated its cost at $20 billion to $41 billion, depending on the route, with an option crossing Alaska and into Canada estimated at $32 billion to $41 billion.