Alaska paid $64.6 million to buy TransCanada Corp. TRP 1.24 % ’s stake in a proposed project to ship natural gas by pipeline from the state’s North Slope to an export terminal on the coast. The move, which was authorized by legislation passed by the state earlier this month, gives Alaska direct ownership in the project, along with partners BP BP 1.66 % PLC, ConocoPhillips COP 3.83 % and Exxon Mobil Corp. XOM 1.99 % It comes at a time when the outlook for demand for liquefied natural gas is uncertain amid a supply glut that has depressed once lofty spot market prices for the fuel. “By gaining an equal seat at the negotiating table, we are taking control of our destiny and making significant progress in our effort to deliver Alaska gas to the global market,” Alaska Gov. Bill Walker said in a statement Tuesday. The project, known […]