This is an excerpt from EERE Network News, a weekly electronic newsletter.

June 01, 2005

DOE to Offer Loan Guarantees for Alaska Natural Gas Pipeline

DOE announced on May 26th that it is seeking public comment on a program that will guarantee loans of up to $18 billion for the construction of a pipeline to bring Alaskan natural gas to the lower 48 states. The loan guarantee simplifies financing for developers interested in building the pipeline, which would provide access to Alaska's 35 trillion cubic feet of proven natural gas reserves. According to DOE, such a pipeline could add nearly 2 trillion cubic feet of natural gas to supplies in the contiguous United States, helping to further stabilize natural gas prices. DOE published a Notice of Inquiry in the Federal Register on May 27th and will accept comments through July 26th. See the DOE press release, and for additional information, see the DOE Fossil Energy Web site for the Notice of Inquiry (PDF 35 KB) and the online form to respond to the Notice of Inquiry. Download Acrobat Reader.