ConocoPhillips lays Alaska pipe plans

The sun dips below the horizon in Barrow, Alaska, Saturday Nov. 18, 2006, for the last time of the year. Residents in Barrow and other North Slope villages won't see the sun for the next two months. (AP Photo/Earl Finkler)

EARL FINKLER

Anthea Pitt

 30 November 2007 11:02 GMT

US supermajor ConocoPhillips has put forward plans to build a $30 billion natural gas pipeline from Alaska to the lower 48 states.

The company said it submitted a proposal to Alaska Governor Sarah Palin to build a pipeline that would move about 4 billion cubic feet of natural gas per day.

It said it would make significant investments, without state matching funds, to advance the project.

Alaska's North Slope contains 35 trillion cubic feet in known gas reserves, but that figure could climb with further exploration.

The company also said it plans to approach other parties to see if they would take part in the project.

ConocoPhillips boss Jim Mulva told the Wall Street Journal he is…

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