The Alaska Gasline Development Corporation (AGDC) concluded agreements with ExxonMobil, BP and ConocoPhillips to take over the leadership position in the Alaska LNG project.
The agreements, will enhance AGDC’s ability to progress an Alaska liquefied natural gas export project to commercialize Alaska’s North Slope natural gas resources, the company’s statement reads.
Under a pre-FEED joint venture agreement (JVA), the parties completed all of the pre- FEED deliverables and the Federal Energy Regulatory Commission draft environmental and socioeconomic resource reports. Upon conclusion of the pre-FEED activities, the parties have spent more than $500 million on an Alaska LNG project.
“AGDC will now assume the responsibility for the technical and regulatory activities associated with the project,” according to the statement.
AGDC plans on completing the FERC pre-filing process, building upon the draft environmental and socioeconomic resource reports prepared by the parties during pre-FEED.
The Alaska LNG project proposed facilities include a liquefaction facility in the Nikiski area on the Kenai Peninsula, an 800-mile large diameter pipeline, up to eight compression stations, at least five take-off points for in-state gas delivery, a gas treatment plant located on the North Slope and transmission lines to transport gas from Prudhoe Bay and Point Thomson to the gas treatment plant.
The project is designed to export up to 20 million metric tons of liquefied natural gas per year, and according to the AGDC’s timetable, if the project keeps progressing according to plans, FEED work could begin in 2018 with construction kicking off in 2019.
LNG World News Staff