- Associated Press - Sunday, October 26, 2014

FAIRBANKS, Alaska (AP) - The Interior Energy Project has secured the necessary regulatory permits for a natural gas processing facility that would supply a gas-trucking program to the Fairbanks area.

The Alaska Industrial Development and Export Authority made the announcement. But the project isn’t a done deal.

The Fairbanks Daily News-Miner reports (http://bit.ly/12Iu9cN ) a price range for gas off the North Slope is expected soon and will be used to gauge demand for the plant and economic feasibility by the authority’s board.

The project has been billed as a stop-gap measure until a gas pipeline is built. It received more than $300 million in low-cost loans, tax credits and grants to help develop the processing facility and distribution and storage in the Fairbanks area.

There are no guarantees the pipeline will be built, either.

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Information from: Fairbanks (Alaska) Daily News-Miner, http://www.newsminer.com

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