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GAO-05-860R 1 (2005-08-04)

handle is hein.gao/gaocrptasai0001 and id is 1 raw text is: SGAO Accountability * Integrity Reliability United States Government Accountability Office Washington, DC 20548 August 4, 2005 The Honorable Thad Cochran Chairman The Honorable Robert C. Byrd Ranking Minority Member Committee on Appropriations United States Senate The Honorable Jerry Lewis Chairman The Honorable David R. Obey Ranking Minority Member Committee on Appropriations House of Representatives The Honorable Ted Stevens Committee on Appropriations United States Senate Subject: Small Business Participation in the Alaska Natural Gas Pipeline Project Alaska currently holds 35 trillion cubic feet of proven recoverable natural gas resources, about 19 percent of total U.S. reserves. Efforts to construct a pipeline to transport this natural gas from Alaska's North Slope to the lower 48 states have been stalled since 1982. The recent increase in natural gas prices has renewed interest in completing the pipeline, a project that is estimated to cost up to $20 billion. In addition to providing access to significant natural gas reserves, some expect the project to generate thousands of jobs and billions of dollars in revenues for the federal government and the State of Alaska. This report responds to a mandate in the Alaska Natural Gas Pipeline Act (the Pipeline Act) that we conduct a study to determine the extent to which small business concerns have participated in the construction of oil and gas pipelines.' The Pipeline Act includes a sense of Congress provision that the sponsors of the 'Pub. L. No. 108-324, Div. C, § 112, 118 Stat. 1255 (Oct. 13, 2004) (codified at 15 U.S.C. § 720j). The Pipeline Act requires GAO to submit a report to Congress no later than 1 year after the date of enactment of the act (October 13, 2004) and update the study at least once every 5 years until construction of the Alaska natural gas transportation project is completed. GAO-05-860R Alaska Natural Gas Pipeline

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