News

April 21, 2014
Negotiations between the state of Alaska, major North Slope oil and gas producers and pipeline company TransCanada toward a partnership to develop the proposed Alaska LNG project will follow directions approved by state legislators April 20. The measure, Senate Bill 138, was one of Gov. Sean Parnell's main legislative initiatives this year. It passed the Senate 16-4 and the House 36-4. The legislation amends multiple state laws, allowing negotiations to proceed toward the state becoming an...
April 15, 2014
GOYANG, South Korea - Liquefied natural gas buyers continued to show no love to sellers at an international gas conference last month in South Korea. "The price of energy has escalated 170 percent in the last five years for major Asian buyers," said Sheng-Chung Lin, chairman of CPC Corp., Taiwan's state-owned LNG importer. This has eroded the national competitiveness of five of the world's dominant LNG buyers: Japan, South Korea, China, India and Taiwan, he said. Sang-Jick Yoon, Korea's...
March 26, 2014
The federal coordinator's office for Alaska natural gas line projects has posted a new web page on its site to provide an easily accessible collection of public information on the proposed Alaska liquefied natural gas project.The page includes news about the project, presentations by the project sponsors and consultants to the state of Alaska and the Legislature, maps, images, relevant documents and the federal agency's own reports on the project, LNG markets and global natural gas news.Oil and...
March 4, 2014
HOUSTON — Too many potential liquefied natural gas export projects are chasing the expected strong growth in Asian gas demand over the next 15 years, a consensus of speakers said at a recent LNG conference. "There will be a lot of North American projects still waiting in 2030," predicted Daryl Houghton, LNG consulting manager with Poten & Partners, a global energy consultancy. LNG plant development has always gone through busts, booms and "projects waiting in the queue." The LNG world has...
January 15, 2014
The state of Alaska and the four companies planning a North Slope liquefied natural gas export project on Jan. 15 released agreements that aligned their interests in principle and laid out a roadmap for the project to proceed toward engineering, design and permitting work. The Heads of Agreement document signed by the state, ExxonMobil, BP, ConocoPhillips and TransCanada lays out terms for the state to become an equity owner in the estimated $45 billion to $65 billion project and the...
January 7, 2014
An analysis of Russia's natural gas export prospects sounds a lot like those for Alaska. "The next 30 years could, quite reasonably, be considered as 'the era of gas,' but Russia runs the risk of missing the resulting opportunities," a pair of Russian research offices said in a long-term global energy report. "High costs and the current taxation system both limit the competitiveness of Russian energy resources in global markets," is a key finding in the report, "Global and Russian Energy...
November 21, 2013
ExxonMobil executives — a top marketing boss and the Alaska LNG project leader — said the proposed $45 billion to $65 billion development can find long-term customers in the growing Asia-Pacific market despite the inherent challenges of a tremendously expensive project. Richard Guerrant, vice president for gas and power marketing, which includes liquefied natural gas, said LNG demand is growing much faster than overall energy demand globally. Even after counting production from...
October 7, 2013
Sponsors of the large-volume Alaska LNG project have selected the Nikiski area as the lead site for the gas liquefaction plant and export terminal, they said Oct. 7. "The Nikiski site also results in a pipeline route that provides an access opportunity to North Slope natural gas by the major population centers in Fairbanks, Mat-Su Valley, Anchorage and the Kenai Peninsula," said Steve Butt of ExxonMobil, senior project manager. Alaska North Slope oil and gas producers ExxonMobil, BP...
October 2, 2013
Note: Alaska gas line Federal Coordinator Larry Persily recently attended conferences where he heard presentations on Japan's turn to coal as a power-plant fuel amid its nuclear shutdown, Japan's quest for new suppliers and new ways to price LNG, and industry's anticipation of the British Columbia government's proposal for a new LNG export tax. Below are his reports. In addition to boosting imports of liquefied natural gas and oil to cover the loss of nuclear power, Japan has turned to an old...
September 11, 2013
LNG producers and consumers talked — and pushed, but did not shove — at a Tokyo summit Sept. 10 that the Japanese government called to continue the dialogue over high liquefied natural gas prices that are straining its economy. Credit: Tokyo Gas The Sodegaura LNG receiving terminal on Tokyo Bay opened in 1973 and is owned by Tokyo Gas and Tokyo Electric Power. It’s among the largest LNG import terminals in the world, with an annual capacity of almost 30 million tons of LNG (1.5...
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