LNG

The US Department of Energy has given final approval after permit processes lasting more than a decade of the Alaska Gasline Development Corp. LNG export project to supply Asian nations with the state’s abundant North Slope gas.

The US Bureau of Land Management issued an approval for a scaled-back version of a ConocoPhillips $7 billion oil and gas drilling project in Alaska, though also banned future energy activities on huge tracts of land in the state though the Alaska LNG export project is still expected to be given a full go-ahead soon.

Alaska Governor Mike Dunleavy has just concluded a trade mission to Japan where he met executives of leading energy companies and utilities as well as government ministries to discuss Japanese companies procuring long-term Alaskan LNG supplies.

Alaska Governor Mike Dunleavy has just concluded a trade mission to Japan where he met executives of leading energy companies and utilities as well as government ministries about the Japanese companies procuring long-term Alaskan LNG supplies.

Alaska Governor Mike Dunleavy says a new analysis of the Alaska LNG export project by energy consultants Wood Mackenzie comes up with gas pricing that would by lower than some other US projects and financing could be underpinned by Federal loan guarantees offered by President Joe Biden’s $1.2-trillion Infrastructure Bill.

Hilcorp Energy of the US, a major operator on Alaska's North Slope after the departure of UK major BP from the state, is now set to take over operations of the largest natural gas field run by ExxonMobil Corp. and which would underpin any future Alaska LNG export project.

Oct 8 (LNGJ) - Alaska Gasline Development Corp. (AGDC), the state-run body and owner of the Alaska LNG project which has been dormant because of the high development costs, has released a consultancy report detailing the environmental benefits achieved by building the export plant utilizing North Slope natural gas to replace high-emissions coal in Asia. “Alaska has some of the world’s strictest environmental laws, and Alaska natural gas should be a key component of any realistic energy roadmap,” said Alaska Governor Mike Dunleavy.

   AGDC has all its regulatory permits covering three liquefaction Trains with 20 million tonnes per annum of capacity, two 240,000 cubic metres capacity storage tanks as well as a 807-mile natural gas pipeline from Prudhoe Bay to Nikiski on the Kenai Peninsula. AGDC President Frank Richards said the justification for Alaska LNG was a “compelling” one. “This timely report uses respected and transparent methodologies to quantify the value of replacing high-emissions energy sources in foreign markets with the low-emissions at Alaska LNG,” added Richards.

The Alaska Gasline Development Corp. (AGDC), the owner of the state’s LNG export project, is still filing regular updates to the Federal Energy Regulatory Commission at the same time as the State of Alaska has just decided to sue the Biden Administration over federal land restrictions.

Former Alaska Governor Bill Walker and the ex-head of the state-backed Alaska Gasline Development Corp. and its LNG project, Keith Meyer, have set up a company and offered to take over the export venture.

Alaska Gasline Development Corp. has released an updated $38.7 billion cost estimate for the Alaska LNG Project, which it believed would increase the project’s ability to deliver natural gas to Alaskans and LNG to export markets at competitive prices.