Alaskan LNG Export Project Advances
Thursday, April 05, 2012
Prospects have improved for a US$40 billion liquefied natural gas (LNG) project in Alaska, drawing on the 35 Tcf (990 x 109 m3) of gas stranded on the North Slope.
BP, ConocoPhillips and ExxonMobil said they would support plans to build a gas pipeline from the North Slope fields to an expected LNG export terminal in South-Central Alaska. Sea ice prevents building the LNG terminal closer to the gas fields.
The LNG exports, which likely would go to Asia, would preempt proposals to build long trunk lines to move the gas across Alaska and Canada to markets in the Lower 48 States.
The state government and the North Slope producers also ended a seven-year legal dispute over the largest undeveloped gas field, Point Thomson. The oil companies agreed to begin producing gas liquids from the field by the winter of 2015-16 via a pipeline connecting to the Alyeska oil pipeline.
For more information: www.Alaska.gov
