Bank of China and Goldman Sachs to Help Raise Funds for Alaska LNG Project
Posted on Apr 2, 2018 in Financing, Liquefaction, LNG Exports, State and Local Issues | Comments Off on 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...
Alaska LNG Project Concludes Capacity Solicitation
Posted on Sep 7, 2017 in Markets and Competition, State and Local Issues | Comments Off on Alaska LNG Project Concludes Capacity Solicitation
The Alaska Gasline Development Corporation (AGDC) announced that it has concluded the capacity solicitation process for foundation customer capacity on the proposed Alaska LNG Project, which is comprised of, among other components, an 800-mile pipeline and an LNG export terminal. The press release states that “an Alaska producer submitted a conforming intent to subscribe for capacity...
Open Season Underway for Alaska LNG Capacity
Posted on Jun 21, 2017 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Open Season Underway for Alaska LNG Capacity
Alaska Gasline Development Corp. (AGDC) has announced the commencement of a foundation customer capacity solicitation to determine the foundation customers who wish to reserve capacity on the proposed Alaska LNG Project. “The capacity solicitation presents an opportunity for North Slope gas resource owners and other qualified parties to subscribe to capacity on the Alaska LNG system.”...
State Corporation Takes Over Alaska LNG Project
Posted on Jan 3, 2017 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on State Corporation Takes Over Alaska LNG Project
The Alaska Gasline Development Corporation (AGDC) announced that it has reached an agreement with affiliates of ExxonMobil, BP and ConocoPhillips, whereby AGDC will assume the responsibility for the technical and regulatory activities associated with the proposed Alaska LNG project, consisting of an 800-mile pipeline to access North Slope gas supplies, a liquefaction and LNG export...
Alaska and ConocoPhillips Sign MOU to Market North Slope Gas
Posted on Sep 22, 2016 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on 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...
Producer Sponsors Not Moving Forward on Alaska LNG Project
Posted on Aug 26, 2016 in Financing, Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Producer Sponsors Not Moving Forward on Alaska LNG Project
Alaska Dispatch News reports that at a hearing before Alaska state legislators, ExxonMobil said it will not move forward with the front-end engineering and design, or FEED phase of development of the Alaska LNG Project, which was set to start in 2017 and was expected to cost up to $2 billion. ConocoPhillips and BP, the other two producer sponsors of the project, also indicated that...