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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

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

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

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...

Uncertainty of Alaska LNG Project Discussed at State Legislature Hearing

The Alaska Journal of Commerce reports that new Alaska Gasline Development Corp. (AGDC) President and CEO Keith Meyer presented a plan to Alaska’s joint House-Senate Resources Committee to overhaul the financial structure of the proposed Alaska LNG Project. The plan would allow the state to lead the project with other outside investors, “but still depend on the producers selling their...

State of Alaska May Increase Stake in Alaska LNG Project

KTOO reports that Alaska Governor Bill Walker’s administration is considering increasing Alaska’s stake in the Alaska LNG Project or taking over ownership completely.  Currently, the state owns 25% of the project through the Alaska Gasline Development Corporation.  BP Alaska LNG LLC, ConocoPhillips Alaska LNG Company, and ExxonMobil Alaska LNG LLC, are the other sponsors of the...

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