News

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,"...
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...
April 15, 2014
GOYANG, South Korea - In ExxonMobil's world view, an immense build-out of LNG plants will be needed in the next 15 years or so to satisfy burgeoning global demand for natural gas. Two ExxonMobil gas executives shared their visions during the Gastech Conference & Exhibition March 24-27 in Goyang, South Korea. Rob S. Franklin, corporate vice president and president of ExxonMobil Gas & Power Marketing, said his company believes that through 2030 natural gas will be the world's fastest-...
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...
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