September 29, 2010 6:35 AM

Conoco says Alaska gas pipeline development effort with BP is continuing

Conoco Phillips said Tuesday it hasn't backed away from its efforts with BP to develop a North Slope gas pipeline. The company clarified its position on its $35 billion gas line project after a London-based Financial Times article quoted the company's chief executive Jim Mulva saying the company will "reassess" the project due to a glut of Lower 48 natural gas.

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