newsminer.com

The companies won't release the details of their working relationship, but it's clear from a noon press conference today that Exxon is far from becoming a full partner on the gas pipeline with TransCanada.

The companies have agreed instead to work together on the next stage of planning. They released an "alignment summary" saying they will "jointly advance all aspects of the project."

Nothing said today contradicts the long-held position by Exxon that a gas pipeline won't be built without a long-term guarantee with the state on tax terms that, so far, doesn't exist.