Alaska LNG Bill Moves Forward; Has Producer/Pipeline Support
Posted on Feb 27, 2014 in LNG Exports, State and Local Issues | Comments Off on Alaska LNG Bill Moves Forward; Has Producer/Pipeline Support
Alaska Native News reports that legislation that would make the State of Alaska a participant in the Alaska LNG project (SB 138) was passed by the Alaska Senate Resources Committee and is now before the Senate Finance Committee. According to the Juneau Empire, hearings are being held this week and project sponsors ConocoPhillips, BP, ExxonMobil and TransCanada are supportive of the...
Article Discusses Risks and Rewards of State Participation in Alaska LNG Project
Posted on Feb 21, 2014 in LNG Exports, State and Local Issues | Comments Off on Article Discusses Risks and Rewards of State Participation in Alaska LNG Project
An article in the Alaska Journal of Commerce discusses the benefits and risks of Alaska’s participation in the Alaska LNG project. Benefits include up to $3 billion/year in new revenues; risks include increased construction costs, a drop in gas prices so as to make the project uneconomical, and risks related to take-or-pay...
Alaska Lawmakers Reviewing Alaska LNG Proposal
Posted on Feb 11, 2014 in LNG Exports, State and Local Issues | Comments Off on Alaska Lawmakers Reviewing Alaska LNG Proposal
The Juneau Empire reports that Alaska Senate Resources Committee is holding hearings this week on proposed legislation that could make Alaska a partner in the Alaska LNG project, which would consist of a proposed LNG export terminal and interconnected pipeline to access North Slope gas supplies. According to the report, the bill addresses, among other things, whether the state should...
Alaska Governor Introduces Bill to Advance LNG Project
Posted on Jan 27, 2014 in LNG Exports, State and Local Issues | Comments Off on Alaska Governor Introduces Bill to Advance LNG Project
Alaska Governor Sean Parnell introduced legislation to advance the state’s participation in the Alaska LNG project, which would consist of an LNG Terminal and a pipeline to access North Slope gas supplies for in-state use and for export as LNG. The bill allows the commissioners of the Department of Natural Resources and the Department of Revenue to negotiate terms, subject to...
Article Discusses Issues Raised by Alaska’s Participation in LNG Project
Posted on Jan 22, 2014 in LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Article Discusses Issues Raised by Alaska’s Participation in LNG Project
An article in the Alaska Dispatch discusses royalty, taxes, and market issues associated with the State of Alaska’s recent signing of an agreement to participate in the proposed Alaska LNG project, a proposed pipeline and LNG export terminal intended to access North Slope gas supplies for export to Asian nations. The article also states that Alaska Governor Parnell intends to ask the...
Alaska Signs Commercial Agreements for Alaska LNG Project
Posted on Jan 16, 2014 in LNG Exports, State and Local Issues | Comments Off on Alaska Signs Commercial Agreements for Alaska LNG Project
The Alaska Department of Natural Resources announced that it has signed a Heads of Agreement (HOA) with ExxonMobil, BP, ConocoPhillips, and TransCanada Corp., regarding the proposed Alaska LNG project and a Memorandum of Understanding (MOU) with TransCanada defining the pipeline company’s role in developing the pipeline portion of the project. Read more in the press release. ...