In the framework of the Alaska Pipeline Project, the open season process will be conducted simultaneously in both Canada and Alaska. The Alaska Pipeline Project is a joint effort between TransCanada Corp. and ExxonMobil Corp. to develop a gas line under the Alaska Gasline Inducement Act. Two options will be offered within this process and bidders will determine the preferred option. The first option is a 2,740-km pipeline from Alaska’s North Slope to Alberta where the gas would be delivered in existing pipelines to reach major North American markets. The second option aims to transport gas from North Slope to Valdez (1,290 km) where it would be converted in LNG, to be shipped to North American and international markets. Both options include a gas treatment plant to be located in Prudhoe Bay and would provide opportunities for Alaska to acquire gas from a minimum of five delivery points on the line. The Alberta option would additionally provide the opportunity for local gas deliveries in Canada. The final decision is scheduled by end-2010.