Alaska LNG Project Study Released
Yesterday, the Alaska Department of Natural Resources released the Alaska North Slope Royalty Study to assist the state in characterizing and developing fiscal and policy measures to advance the Alaska LNG Project, and “to provide information to help the State protect its royalty interest in the State’s gas, and to ensure that the State maximizes the value of its natural gas.” The Alaska LNG Project, sponsored by North Slope producers Exxon Mobil, Conoco Phillips, BP, and possibly TransCanada, would involve construction of a pipeline to transport Alaska North Slope gas to a proposed liquefaction plant and LNG export terminal in south central Alaska for export, primarily to Asian markets. The study concludes that the project “can be economically feasible and competitive with appropriate changes to the project’s cost structure and the State’s fiscal framework.” Read more in the press release.