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FERC Releases Final EIS for Alaska LNG Project

FERC has released the final environmental impact statement (EIS) for the Alaska LNG Project (Project) proposed by the Alaska Gasline Development Corporation (AGDC). AGDC is seeking authorization to construct and operate new gas treatment facilities, an 806.9-mile-long natural gas pipeline and a 20 million-metric-ton per annum liquefaction facility. The Project would commercialize...

FERC Releases Draft EIS for Alaska LNG Project

FERC has released a draft environmental impact statement (EIS) for the proposed Alaska LNG Project proposed by the Alaska Gasline Development Corporation (AGDC). The Alaska LNG Project is comprised of “an 806.6-mile-long natural gas pipeline and associated above ground facilities, and a 20-million-metric-ton per annum liquefaction facility to commercialize the natural gas resources of...

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...

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...

Bank of China and Goldman Sachs to Help Raise Funds for Alaska LNG Project

Last week, the Alaska Gasline Development Corporation (AGDC) announced that it has engaged Bank of China Limited (Bank of China) and Goldman Sachs & Co. LLC (Goldman Sachs) to serve as lead global capital coordinators for AGDC’s Alaska LNG project. Bank of China and Goldman Sachs will assist AGDC with raising equity and debt financing for the continued development of the Alaska LNG...

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