Alaska Plan To Export North Slope Gasp

Posted by Joseph R. Fonseca
Monday, April 21, 2014

 

Alaska's legislature on Monday approved Governor Sean Parnell's plan to join four energy companies in moving ahead on plans to build infrastructure to transport and market 35 trillion cubic feet of North Slope gas to be shipped by an 800-mile pipeline to a liquefied natural gas (LNG) export plant.

The project is valued at between $45 billion and $65 billion for the line and gas treatment facilities. Should it come to fruition, gas could hit local and foreign markets in the mid-2020s, according to the state's projections.

Companies are increasingly seeking to ship LNG from growing U.S. gas reserves to Asia and Europe, where demand is surging. Companies have complained about red tape in seeking federal approval for U.S. facilities to export LNG.

Alaska has a history of exporting LNG dating back to the 1960s, but from basins in Cook Inlet south of Anchorage.

Lawmakers passed legislation proposed by the governor, authorizing him to work with North Slope leaseholders Exxon Mobil Corp, BP Plc, ConocoPhillips and pipeline company TransCanada Corp in drafting a project development contract.

By the end of 2015, the governor is expected to come back to the legislature to ratify a contract. Meanwhile, project teams will begin front-end engineering and design work.

"Alaskans have waited a long time for a gas line, and for the first time in our history, we have alignment, authorization from the legislature, and a clear path forward," Parnell said in a statement. "The Alaska LNG Project has begun."

Previous efforts by Parnell's two predecessors failed. Like many of his colleagues who served under those administrations, House Finance Co-Chair Bill Stoltze, a Republican from Chugiak, Alaska, was cautious.

"I have the same mix of skepticism," Stoltze said. "This is what iteration of efforts? There is probably more promise than hope. I will not say stars aligned, but there are less things to stop this than things in the past."

Officials said more work was in store.

"This is giving us permission to do a lot more work. As we do that work, we'll get a better sense of whether or not this project is a contender," Natural Resources Commissioner Joe Balash said.

(Reporting By Steve Quinn; Editing by Terry Wade and David Gregorio)

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

USCG Flush Ice down River Systems to Facilitate Shipping

The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season

Chile Desert Rains Sign of Climate Change

The heavy rainfall that battered Chile's usually arid north this week happened because of climate change, a senior meteorologist said, as the region gradually

Mexico Unveils National Strategy ahead of Paris Climate Talks

Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan the

Energy

USA Urged Not to Delay Arctic Drilling

The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, reports AP.

Feds Delay LNG’s Port Ambrose Application

The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal.

Austal Graduates 48 4-Yr Apprentices

Austal USA combined two classes to graduate a total of 48 members of Austal’s cutting-edge four-year apprenticeship program yesterday at a formal ceremony held at the Arthur R.

News

Gulf Bridge Express Service to End

The Gulf Bridge Express Service will shortly be terminated with the last roundtrip voyage being MV Saint Nikolaos voyage 00008S, ETA New Orleans on April 22, 2015.

Obangame Express 2015 Concludes in the Gulf of Guinea

Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise,

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1406 sec (7 req/sec)