BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project

Platts reports that North Slope producers BP and ExxonMobil have agreed to contribute $10 million each to help the state of Alaska complete the FERC approval process for the proposed $41 billion Alaska LNG project. According to the report, state-owned Alaska Gasline Development Corporation needs $30 million and another year to complete the FERC approval process. The proposed Alaska LNG project consists of an 800-mile pipeline, a liquefaction facility, and an LNG export terminal, among other things, to access Alaskan North Slope gas supplies for export as LNG.

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