To reduce barge traffic, and the associated costs, Cook Inlet Energy, LLC is looking to acquire land for a pipeline entry point on the Nikiski bluff.
CIE submitted a request to lease almost 5 acres from the Borough, a parcel which is currently a gravel pit.
The Ordinance authorizing the lease was reviewed by the Borough Assembly at last Tuesday’s meeting and set for public hearing…
Asm. McClure(Seward): “Sponsored by the Mayor, it’s scheduled for public hearing on January 7th. This is the 4.7 acre parcel that’s referenced in Resolution 2013-080 to be leased to Cook Inlet Energy. They’re going to pump some oil through it, and the lease would be for $5,700 per year.”
According to information filed with the Borough, the parcel would be the onshore entry point of the Trans-Foreland Pipeline Project, to bring sales crude oil from its existing Kustatan Production Facility on the west side of the Cook Inlet to the Kenai Pipeline Company Tank Farm on the east side of the Cook Inlet.