The ink is barely dry on a set of industry-friendly tax code reforms in Alaska, but changes have already triggered pledges for up to $5 billion in new investments from established players BP and ConocoPhillips. If the pace of investment continues, the resultant additional supply from Alaska's North Slope could go a long way toward reviving throughput on the aging Trans-Alaska oil pipeline system, as well as support a mooted natural gas pipeline and LNG export project.
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