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...
Study: Alaska LNG Project Too Expensive to be Competitive
Posted on Aug 25, 2016 in Financing, Liquefaction, LNG Exports, State and Local Issues | Comments Off on Study: Alaska LNG Project Too Expensive to be Competitive
Alaska Public Media reports that consulting firm Wood Mackenzie has released a study finding that in its current form, the Alaska LNG Project is too expensive to be competitive with other LNG projects proposing to serve north Asian markets. The report offers options to reduce the costs of the project, estimated to be $45 – $65 billion, including bringing in outside investors or full...
State to Take Over Alaska LNG Project
Posted on Aug 19, 2016 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on State to Take Over Alaska LNG Project
Alaska Dispatch News reports that Alaska Gasline Development Corp. (AGDC) and the producer sponsors of the proposed Alaska LNG Project, ExxonMobil, ConocoPhillips and BP, “are working ‘cooperatively’ on a plan to turn over leadership of the project to Alaska,” according to Keith Meyer, president of AGDC. AGDC represents Alaska’s 25% interest in the project. Due to the global...
Bear Head LNG Feeder Pipeline Approved
Posted on Aug 3, 2016 in Canada & Mexico, Liquefaction, LNG Exports, State and Local Issues | Comments Off on Bear Head LNG Feeder Pipeline Approved
The Nova Scotia Utility and Review Board has approved construction of the proposed Bear Paw Pipeline, a 62.5-km pipeline, which would interconnect with the Maritimes and Northeast Pipeline (MN&P) mainline and other gas supply sources near Goldboro, Nova Scotia, and the proposed Bear Head LNG export facility in Point Tupper, Richmond County, Nova Scotia. Bear Paw’s interconnection...