LNG

June 29 (LNGJ) - Alaska Gasline Development Corp (AGDC), the state-owned developer of the Alaska LNG export project, is preparing an equity offering and said it was open to engaging with joint venture partners, including international energy companies. Alaska LNG involves an 800-mile pipeline built from the North Slope in Northern Alaska to the site of a proposed liquefaction plant on the Kenai Peninsula with an initial 20 million tonnes per annum of output. The LNG project has informal accords with three potential customers and investors in China. They are China Petroleum and Chemical Corp., known as Sinopec, as an LNG purchaser, Bank of China as a financier and China Investment Corp. as an equity investor.