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ExxonMobil Outlines Pluses and Minuses of Alaska LNG Project

The Alaska Journal of Commerce reports that ExxonMobil, co-sponsor of the Alaska LNG project, recently gave a presentation to the Alaska legislature outlining the pluses and minuses of the project, of which the State of Alaska is a 25% partner.  Pluses include existing gas production infrastructure on Alaska’s North Slope, close proximity to Asian markets, and experienced regulators at...

Comments Opposing Jordan Cove LNG Project Urge Denial of Application

Comments filed at FERC by Citizens Against LNG urge FERC to reject the proposed Jordan Cove Energy LNG export project in Coos Bay, Ore. because of negative environmental and economic impacts and market conditions, and after eleven years of planning, Jordan Cove Energy “has no signed gas contracts” for the LNG to be produced at the project.

Alaska Gasline Development Corporation Acquires TransCanada’s Interests in the Alaska LNG Export Project

The Alaska Gasline Development Corporation’s (AGDC) board of directors has accepted the conveyance of TransCanada’s interests in the Alaska LNG export project and authorized a payment of $64.6 million to TransCanada for those interests.  According to the press release, “AGDC already holds the State of Alaska’s equity interest in the Alaska LNG project’s liquefaction facility planned...

Alaska Legislature Approves State Buyout of TransCanada’s Share of the Alaska LNG Project

The Alaska Journal of Commerce reports that the Alaska legislature has approved the state’s buyout of TransCanada’s share of the proposed Alaska LNG Project (AKLNG), consisting of an 800 mile pipeline to access North Slope gas supplies and a liquefaction and LNG export terminal at Nikiski.  Currently, TransCanada owns 25% of the gas treatment plant and 25% of the pipeline portion of...

TransCanada Calls Alaska LNG Project No Longer Commercially Reasonable

KTUU reports that TransCanada representative Vincent Lee told Alaska state legislators last week that his company supports Alaska’s buyout of TransCanada’s share of the Alaska LNG Project because the project “is no longer commercially reasonable” as currently structured.  The legislature has been meeting to discuss the state’s possible buyout of TransCanada in the Alaska LNG Project,...

B.C. Approves Pacific NorthWest LNG Export Terminal Feeder Pipeline

The Globe and Mail reports that the British Columbia (B.C.) Oil and Gas Commission has granted approval to TransCanada to construct and operate the C$5 billion, 900 kilometer Prince Rupert Gas Transmission pipeline, which would provide access to Montney gas supplies for the proposed Pacific NorthWest LNG (PNWLNG) export terminal on Lelu Island, near Prince Rupert, B.C.  The PNWLNG...

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