Alaskan Legislature Furthers State’s Participation in In-State Alaskan Gasline and LNG Project

摘要

The State of Alaska Legislature on April 20 passed Senate Bill 138 on a bipartisan basis, thereby advancing Governor Sean Parnell’s bill to advance a large-diameter Alaska natural gas pipeline project designed to meet the needs of the state’s residents. The proposal will make Alaska an owner in the Alaska LNG Project. The project will now move into the Pre-FEED (Pre-Front End Engineering and Design) phase to further refine the cost and engineering aspects. SB 138 affirms the commercial agreement signed by the state, the Alaska Gasline Development Corporation (AGDC), the producers, and TransCanada Corp. to advance the Alaska LNG Project. Passage of SB 138 also expands the role and mission of AGDC, empowering it to carry the state’s equity interest in the project’s infrastructure, particularly the liquefaction and marine facilities. AGDC will simultaneously continue to pursue the advancement of the Alaska Stand Alone Pipeline (ASAP) Project parallel to the Alaska LNG Project.