Uncertainty of Alaska LNG Project Discussed at State Legislature Hearing
Posted on Jun 30, 2016 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on 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
Posted on Jun 22, 2016 in Liquefaction, LNG Exports, State and Local Issues | Comments Off on 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...
FERC Denies Request to Rehear Aguirre Approval
Posted on May 5, 2016 in Federal Regulation, Liquefaction, LNG Exports, State and Local Issues | Comments Off on FERC Denies Request to Rehear Aguirre Approval
FERC has issued an order denying Comité Diálogo Ambiental, Inc.’s (Diálogo) request for rehearing of FERC’s July 24, 2015 order, which approved Aguirre Offshore GasPort, LLC’s (Aguirre) proposed LNG import terminal facilities along the southern shore of Puerto Rico near Salinas. FERC rejected Diálogo’s allegation that the July 24 Order erred in determining that Aguirre’s floating...
Clean Energy Fuels to Supply LNG to Hawaii Gas
Posted on May 5, 2016 in Liquefaction, State and Local Issues | Comments Off on Clean Energy Fuels to Supply LNG to Hawaii Gas
Clean Energy Fuels Corp. announced that it has signed a contract to provide LNG to Hawaii Gas. According to the press release, “the agreement is consistent with the state’s intent to reduce its reliance on imported crude oil, using a cleaner and more economical fuel.” Details of the contract were not released. ...
Alaska LNG Project Faces “Significant Economic Headwinds”
Posted on Feb 1, 2016 in Liquefaction, LNG Exports, State and Local Issues | Comments Off on Alaska LNG Project Faces “Significant Economic Headwinds”
Alaska Public Radio reports that representatives from the Alaska LNG Project told Alaska state legislators last week that the project faces “significant economic headwinds,” and while they remain committed to the project, the sponsors “have to be realistic about the project in this current price environment.” Sponsors of the proposed 800-mile pipeline and LNG export terminal are North...
ExxonMobil Outlines Pluses and Minuses of Alaska LNG Project
Posted on Jan 28, 2016 in Liquefaction, LNG Exports, Pipelines, State and Local Issues | Comments Off on 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...