Gas Sales Precedent Agreement signed for Alaska LNG Project

Alaska Gasline Development Corporation (AGDC), developer of the Alaska LNG project, has announced that it has signed a Gas Sales Precedent Agreement with BP Alaska, which sets forth the key terms, including price and volume, for AGDC to purchase BP Alaska’s share of 30 Tcf of gas from the Prudhoe Bay and Point Thomson units.  BP Alaska owns a 26% share of Prudhoe Bay and a 32% share of the nearby Point Thomson field. [change font to last sentence]



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