It's 'open season' for those interested in buying or selling gas as part of Alaska LNG project

Tuesday, 27 June 2017, 03:28:53 PM. The effort will help the state gas line corporation determine how it might build the $43 billion Alaska LNG project in phases.
Probing interest in Alaska's $43 billion gas-export project, the state gas line corporation on Thursday began asking North Slope natural gas owners and potential gas customers how much gas they might be willing to ship or buy. The solicitation, a milestone in the development, is being described by officials with the Alaska Gasline Development Corp. as a lighter version of an "open season," a process to determine who might participate in a project if one is built. The information will help the agency determine how it might phase in the giant project, starting smaller than originally conceived but growing from there. The agency will initially seek nonbinding letters of interest. Later, it wants definitive agreements, AGDC officials said during a meeting on Thursday. The Alaska LNG project, if it's ever built, will ship North Slope natural gas to Nikiski in an 800-mile pipeline. The gas will be processed into liquefied natural gas and shipped to Asia in oceangoing tankers. AGDC officials have said potential gas buyers from Asian countries are interested in the project. But no commitments have been signed. ExxonMobil, BP and ConocoPhillips, the major owners of North Slope natural gas, have said they will make their gas available to the project, said Lieza Wilcox, AGDC's vice president of Commercial and Economics. Other producers that also own North Slope gas can also sign a letter of interest, such as Hilcorp Alaska. The state corporation has been discussing the solicitation of...Read more
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