Natural Gas Glut Pushes Exports

By DANIEL GILBERT and TOM FOWLER October 4, 2012

Energy companies are racing to export natural gas from the U.S. as they search for more-profitable markets amid a continent-wide gas glut that has depressed prices to the lowest levels in a decade.

A consortium including Exxon Mobil Corp., XOM -0.60% ConocoPhillips Co. COP +0.31% and BP BP.LN -0.75% PLC said late Wednesday it is moving forward with plans to export natural gas from Alaska's North Slope in a project that could cost as much as $65 billion. The long-awaited effort is expected to have a significant impact not just on Alaska and its economy, but also on U.S. construction and manufacturing companies that would supply steel and other materials for an 800-mile pipeline and the plant that would convert the gas into liquid for export on tankers.

To read the entire article go to: http://online.wsj.com/article/SB10000872396390444223104578036403362012318.html?mod=WSJ_hp_LEFTWhatsNewsCollection