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Alaska LNG Project Concludes Capacity Solicitation

The Alaska Gasline Development Corporation (AGDC) announced that it has concluded the capacity solicitation process for foundation customer capacity on the proposed Alaska LNG Project, which is comprised of, among other components, an 800-mile pipeline and an LNG export terminal. The press release states that “an Alaska producer submitted a conforming intent to subscribe for capacity...

Open Season Underway for Alaska LNG Capacity

Alaska Gasline Development Corp. (AGDC) has announced the commencement of a foundation customer capacity solicitation to determine the foundation customers who wish to reserve capacity on the proposed Alaska LNG Project. “The capacity solicitation presents an opportunity for North Slope gas resource owners and other qualified parties to subscribe to capacity on the Alaska LNG system.”...

State Corporation Takes Over Alaska LNG Project

The Alaska Gasline Development Corporation (AGDC) announced that it has reached an agreement with affiliates of ExxonMobil, BP and ConocoPhillips, whereby AGDC will assume the responsibility for the technical and regulatory activities associated with the proposed Alaska LNG project, consisting of an 800-mile pipeline to access North Slope gas supplies, a liquefaction and LNG export...

Alaska and ConocoPhillips Sign MOU to Market North Slope Gas

The State of Alaska, through the Alaska Gasline Development Corporation (AGDC) and ConocoPhillips Alaska Inc. have executed a Memorandum of Understanding (MOU) regarding negotiations to form a joint venture company (JV) to market LNG from the proposed Alaska LNG project to global LNG markets and acquire North Slope gas, with the goal of bringing LNG buyers and North Slope wellhead...

Producer Sponsors Not Moving Forward on Alaska LNG Project

Alaska Dispatch News reports that at a hearing before Alaska state legislators, ExxonMobil said it will not move forward with the front-end engineering and design, or FEED phase of development of the Alaska LNG Project, which was set to start in 2017 and was expected to cost up to $2 billion.  ConocoPhillips and BP, the other two producer sponsors of the project, also indicated that...

Study: Alaska LNG Project Too Expensive to be Competitive

Alaska Public Media reports that consulting firm Wood Mackenzie has released a study finding that in its current form, the Alaska LNG Project is too expensive to be competitive with other LNG projects proposing to serve north Asian markets.  The report offers options to reduce the costs of the project, estimated to be $45 – $65 billion, including bringing in outside investors or full...

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