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Energy CEOs make case to North Dakota officials for $500M gas pipeline financial backstop

Summary by Inforum
BISMARCK -- Executives from a large North Dakota utility and another company backed by one of the state's most prominent oilmen pitched separate natural gas pipeline projects on Wednesday, July 30, seeking to secure a huge financial guarantee from the state. The North Dakota Industrial Commission is offering a decade-long line of credit in which it would commit to purchasing $500 million worth of space -- $50 million per year -- on a pipeline th…

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Inforum broke the news in Fargo, United States on Thursday, July 31, 2025.
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