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 sellers together.  According to the press release, AGDC and ConocoPhillips also intend to solicit the other major North Slope producers in the formation of the JV.


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