About Us
HOW MUCH GAS IS IN PLACE ON THE NORTH SLOPE OF ALASKA?
The known gas reserves on the North Slope are estimated at 35 trillion cubic feet (Tcf). In 2006, the USGS report entitled, “Oil and Gas Resources of the Arctic Alaska Petroleum Province,” estimated the undiscovered resources for the North Slope of Alaska to be 227 Tcf. Natural gas supplies nearly one-fourth of the energy used in the U.S. In 2004, the U.S. consumed 22.4 Tcf of natural gas. Using this figure, North Slope natural gas could be the sole source to supply domestic demand for more than 11 years.
HOW MUCH WILL THE PROJECT COST AND WILL TAXPAYERS FOOT THE BILL?
Depending upon configuration, the project is estimated to cost $26-40 billion. Project finance and construction is anticipated to be by private entities, not the federal government. Congress has authorized a partial federal loan guarantee of not more than $18 billion to a successful applicant.
WHAT ABOUT IMPACTS TO THE ENVIRONMENT AND CARBON LOADING?
Natural gas is a proven, clean, low carbon energy supply. A successful applicant must comply with federal and state environmental laws. Impact to the environment from project construction should be nominal in comparison to project size.
SOME INFORMATION ABOUT THE FEDERAL COORDINATOR …
Drue Pearce was nominated by President George W. Bush to be Federal Coordinator in June, 2006. Ms. Pearce served as Senior Advisor on Alaska to the Secretary of the Interior from June 2001 until being confirmed by the Senate and sworn in as Federal Coordinator on December 12, 2006. Prior to federal service, Ms. Pearce served in the Alaska legislature from 1985 to 2001, including two terms as Alaska Senate President. Ms. Pearce holds a Masters in Public Administration from the Kennedy School of Government at Harvard University and a B.A. from Indiana University.