News

November 20, 2014
The Department of Energy received 27 comments by the Nov. 17 deadline on Alaska LNG's application to export North Slope natural gas to customers worldwide. Of the comments, only one raised relevant objections and more than 20 were supportive. The response was significantly less than what the department has received on multiple applications for LNG export projects in the Lower 48 states in recent years. The Sierra Club protested the Alaska LNG application, just as it has Lower 48 gas export...
November 7, 2014
TOKYO - Asian LNG consumers said the market has taken its first steps away from costly oil-linked pricing and other contract terms they have chafed under in recent years, and they anticipate further, more extensive reforms in the coming years. Liquefied natural gas producers acknowledged the marketplace is indeed evolving but that a fundamental truth underpins the industry: New LNG export projects are extraordinarily expensive and need the support of high enough prices to justify undertaking...
October 21, 2014
Alaska LNG has scheduled 12 open houses across Alaska over the next few weeks to explain the project to the public, provide information and answer questions about the multibillion-dollar natural gas development that will span the length of the state. Federal Energy Regulatory Commission officials will attend the meetings as part of the agency's effort that will include preparing an environmental impact statement for the project. FERC approval will be required to construct and operate the North...
October 1, 2014
The Alaska LNG project in recent weeks assembled a 130-person team to lead the project, settled its staff into offices in three cities and entered into deep negotiations with a multitude of companies that will do much of the muscular design and permitting work over the next 18 months. Those were key takeaways from a presentation that Steve Butt, head of the Alaska LNG team, delivered to a joint meeting of the Alaska House and Senate Resources Committees on Sept. 29 in Anchorage. Under a 2014...
September 30, 2014
Asian buyers discussed what they want before committing to purchase liquefied natural gas. Asian investors discussed what they need before writing checks for LNG export projects. And most everyone talked about the uncertainty that buyers and sellers, investors and developers face in today's global LNG market. More certainty would help both LNG project developers and their customers, but the market is just not settling down that quickly after recent years of strong demand growth, rising prices...
September 9, 2014
Last Update: September 12, 2014Alaska LNG project sponsors filed Sept. 5 with the Federal Energy Regulatory Commission to begin the lengthy environmental and safety review required for federal authorization to build and operate the proposed $45 billion to $65 billion project that includes a pipeline across Alaska and a liquefied natural gas plant at Nikiski. The application to FERC asks the commission to accept the project for what is known as the "pre-filing" process. The companies' proposed...
July 21, 2014
Alaska LNG project sponsors filed July 18 for federal permission to export liquefied natural gas for 30 years from a $45 billion to $65 billion development that includes a pipeline across Alaska and an LNG plant in the Nikiski area. "The Project would be the largest integrated gas/LNG project of its kind ever designed and constructed," their application said. "With the granting of the authorization sought here, (the department) has the potential to unlock the vast natural gas resources on the...
July 10, 2014
The Alaska LNG project will hold community meetings in Anchorage July 15 and Fairbanks July 17. The project's community outreach team has already held information and question-and-answer sessions in several Alaska communities along the proposed natural gas pipeline route including Trapper Creek, Talkeetna, Houston, Wasilla and Nikiski.The Anchorage meeting is set for 6 to 8 p.m. Tuesday, July 15, in Summit Hall (lower level) at the Egan Center on Fifth Avenue downtown. The Alaska LNG...
May 29, 2014
VANCOUVER - Malaysia's Petronas, manager for perhaps the most advanced of 14 liquefied natural gas export projects proposed for British Columbia, is working this summer to prove up enough gas reserves for what could total a $36 billion investment while waiting for the provincial government to decide on taxes. Petronas has found about half of the 15 trillion cubic feet of gas that it wants before making a final investment decision for construction of a gas liquefaction and export facility on the...
May 27, 2014
The speakers all agreed the proverbial "window of opportunity" is open for North American liquefied natural gas sales to Asian buyers, especially in the 2020s and beyond as demand is predicted to outpace currently contracted supplies. But how wide the window opens, how long it stays open and how many other suppliers will try to climb through the window at the same time — well, these questions are all open to debate, they said. "The 'golden window of opportunity' will not last forever,"...
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