Alaska Legislature Approves State Participation in LNG Project
Posted on Apr 21, 2014 in LNG Exports, State and Local Issues | Comments Off on Alaska Legislature Approves State Participation in LNG Project
The Alaska Journal of Commerce reports that the Alaska legislature has approved the state’s participation in the Alaska LNG Project, consisting of a proposed 800 mile pipeline to access North Slope gas supplies and a proposed interconnected LNG export terminal at Nikiski. The state would partner with North Slope producers BP, ConocoPhillips, ExxonMobil and obtain a 25% ownership share of the LNG terminal. The state would also separately negotiate with TransCanada Corporation to invest in and own the state’s 25% share of the pipeline. A final investment decision on the project is expected in 2019 and, if approved, the project could begin operations in 2024.