Finance and Economic

Two of the world’s largest oil companies announced plans Tuesday to jointly develop a multibillion dollar natural gas pipeline to move North Slope natural gas to U.S. markets.

Britain’s BP (BP) PLC and ConocoPhillips (COP, Fortune 500), based in Houston, said they plan to spend $600 million in the first phase of the project over the next three years.

The plan is to deliver natural gas via a 2,000-mile pipeline from the energy rich North Slope in Alaska to Alberta, Canada same day payday loans. If necessary, the project would also involve building an additional 1,500-mile pipeline to U.S. markets. 

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