The latest evidence that no one knows what the gas will cost comes from an independent report by Rapidan Energy Group, which says the likely cost of the pipeline project is far higher than the $44 billion estimate still in circulation.
“Rapidan noted the second phase of the project alone could cost up to $60 billion based on current large-scale export projects underway along the Gulf Coast,” the webiste Natural Gas Intelligence reported.
Add in the cost of the so-called first phase—building a pipeline from the North Slope to Anchorage without compression and export facilities—and the total project cost would exceed $70 billion.
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