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

Environmental

Activists Block Shell's Arctic Drilling Quest

Greenpeace protestors dangling from a bridge on Thursday in Portland, Oregon, halted an icebreaker that Royal Dutch Shell needs in northern Alaska before it can

Google Maps Goes Coastal with Unmanned Boat

A new high-tech unmanned vessel, launched with the help of Google, will use innovative technologies from the boatbuilding and mapping fields to map shorelines and

MARAD to Host Meeting on Proposed Delfin LNG License

MARAD Announces Public Scoping Meetings for Proposed Delfin Liquefied Natural Gas Deepwater Port Export Facility.   On July 29, the Maritime Administration

Energy

US Senate Energy Panel Votes to Lift Oil Export Ban

The U.S. Senate Energy Committee on Thursday passed a bill that would lift a decades-old ban on the export of crude oil.   The 22-member panel passed the bill

Activists Block Shell's Arctic Drilling Quest

Greenpeace protestors dangling from a bridge on Thursday in Portland, Oregon, halted an icebreaker that Royal Dutch Shell needs in northern Alaska before it can

MARAD to Host Meeting on Proposed Delfin LNG License

MARAD Announces Public Scoping Meetings for Proposed Delfin Liquefied Natural Gas Deepwater Port Export Facility.   On July 29, the Maritime Administration

News

AEU Presents Safety Awards

The American Equity Underwriters, Inc. (AEU) presented its 2014 Safety Awards at the annual American Longshore Mutual Association, Ltd. (ALMA) Conference on July 19, 2015, in Key Biscayne, Fla.

UK Navy Chooses Effer Crane Again

Cranes manufacturer Effer informs its marine crane has recently been installed aboard the U.K. Royal Navy’s patrol vessel HMS Mersey.   The new 5s 275M crane,

US Senate Energy Panel Votes to Lift Oil Export Ban

The U.S. Senate Energy Committee on Thursday passed a bill that would lift a decades-old ban on the export of crude oil.   The 22-member panel passed the bill

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | 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: 0.2229 sec (4 req/sec)