LNG

Alaska Gasline Development Corp., the state agency overseeing the Alaska LNG project, said it signed an agreement with ExxonMobil Corp. and BP to cooperate on ways to advance the venture by working together to improve the project’s competitiveness and its progress to gain regulatory permits.

The Alaska Gasline Development Corp., the US state agency responsible for overseeing the Alaska LNG project, has received a major regulatory permit for its $10-billion stand-alone North Slope pipeline to supply domestic customers and feed-gas for LNG if needed.

The Alaska Gasline Development Corp., the US state agency responsible for overseeing the Alaska LNG project, has scheduled a board meeting for March 6 to consider a project analysis and to decide on the future path of the venture.

Alaska Governor Michael J. Dunleavy has named four new members to the seven-member board of directors governing the Alaska Gasline Development Corp., the state company aiming to build the Alaska LNG project to supply Asian nations.

Governor Dunleavy, a Republican, named two oil and gas industry supporters, Doug Smith and Dan Coffey, both of Anchorage, to replace outgoing board members Hugh Short of Girdwood and Joey Merrick of Eagle River.

The two other appointees were Department of Labor Commissioner Tamika Ledbetter and Department of Environmental Conservation Commissioner Jason Brune to serve as State of Alaska department-level members of the AGDC Board.

The Alaska LNG developers are expected to spend up to $45 billion to build an 800-mile gas pipeline from the North Slope in northern Alaska to a planned liquefaction plant in Nikiski on the Kenai Peninsula, south of Anchorage.

A gas processing plant, needed mainly to remove carbon dioxide from the Prudhoe Bay gas, would also be built on the North Slope.

“Alaskans have long focused on the benefits of reduced energy costs, bringing our rich energy resources to market and monetizing our North Slope gas,” said Dunleavy

“The announcement continues those goals, while putting in place the personnel to make diligent review of the project,” he added.

“AGDC is tasked with a very complex mission and I look forward to seeing how best the State can assist in moving a project forward,” he explained.

“Each one of our appointees bring a wealth of knowledge and experience to table, including in areas of resource development, labor and workforce, regulatory issues and oversight, and I look forward to working closely with them in the future,” stated Dunleavy.

AGDC is governed by a seven-member board of directors, five public members and two principal department heads of the State of Alaska.

Board members are appointed by the governor and subject to confirmation by the legislature.

The four new members will join existing AGDC board members Dave Cruz of Palmer, Alaska, David Wright of Anchorage, and Warren Christian from the town of North Pole.

The board changes come as AGDC is expected to sign a final joint development agreement with Chinese investors by the end of the first quarter of 2019.

These include companies such as China Petroleum & Chemical Corp., known as Sinopec, and Chinese banks.

Dunleavy was sworn in as Alaska's governor on December 3. The former incumbent, Bill Walker, was an independent and dropped his re-election bid in October.

Dunleavy, a former state senator, won office by defeating Democratic former US Senator Mark Begich in November’s election.

The first agreement with Sinopec, a potential main customer for the project, was signed by AGDC in November 2017 to purchase up to 75 percent of the venture’s expected 20 million tonnes per annum of output.

The initial accord was signed during President Trump’s state visit to China in the presence of Trump and Chinese President Xi Jinping.

Alaska Gasline Development Corporation (AGDC), the state-owned company developing the Alaska LNG project, has signed additional agreements to underpin Chinese participation in the venture.

ExxonMobil has signed a preliminary accord for the sale of its 13.8 trillion cubic feet of natural gas resources in the Prudhoe Bay and Point Thomson fields of Alaska's North Slope to Alaska Gasline Development Corp., the state-owned body leading the development of Alaska LNG.

June 25 (LNGJ) - Alaska Gasline Development Corp., the state body leading the Alaska LNG project, said the US Army Corps of Engineers has released a final environmental impact statement for Alaska’s stand-alone pipeline project. The Alaska pipeline will be 733 miles long and connect a conditioning facility at Prudhoe Bay in North Alaska to the city of Fairbanks. Design work began in 2010 to address potential gas shortages in Alaskan towns and cities. “The project is the culmination of extensive engineering and environmental work conducted under the management of AGDC,” said AGDC President Keith Meyer. The pipeline approval is separate from the proposed larger diameter pipeline and export facility for Alaska LNG. “The AGDC elected to continue to pursue the pipeline regulatory process to completion to have an assured alternative to provide gas to Alaskan communities, and to help expedite approval of Alaska LNG,” added Meyer.

Alaska LNG, the project to export the state’s North Slope natural gas resources to Asia, has reached an agreement with BP of the UK and Alaska Gasline Development Corp. on feed-gas supplies, including price and volume.

Andeavor, the Texas-based energy and refining company, has acquired the Alaskan small Kenai liquefaction and export plant that was closed by previous owners ConocoPhillips in 2016 after shipping cargoes to Japan for more than 40 years.

Alaska Gasline Development Corp., the state body charged with the planning and construction of the Alaska LNG export project, said it had submitted its final responses to post-application data requests made by the US Federal Energy Regulatory Commission regarding the venture that has attracted huge interest from Asian buyers.