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Alaska lawmakers vote to move ahead with natural gas export plan

  • Alaska’s legislature has approved Gov. Parnell’s plan to join four energy companies - XOM, BP, COP and TRP - in moving ahead on plans to build infrastructure to transport and market 35T cf of North Slope gas to be shipped by an 800-mile pipeline to a liquefied natural gas export plant.
  • If the $45B-$65B project comes to fruition, gas could hit local and foreign markets in the mid-2020s, according to the state’s projections.
  • The state would retain ownership of 25% of the LNG plant, which is planned at Nikiski in south central Alaska.
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Comments (17)
  • Bobmarycarroll@aol.com
    , contributor
    Comments (16) | Send Message
     
    Keystone XL would have been far more advantageous to TransCanada (TRP) but I suppose this proposal is as good as it gets for the time being.
    22 Apr 2014, 08:03 PM Reply Like
  • FleetUSA3226
    , contributor
    Comments (845) | Send Message
     
    Gee, some government bodies can make decisions. I guess the federal government can only react if it is attacked or it wants to seize some one's money.
    22 Apr 2014, 08:13 PM Reply Like
  • DevilDog85
    , contributor
    Comments (266) | Send Message
     
    The Feds will use force or the liberal activist courts to steal assets, oppose the will of the people, and implement radical progressive tyranny. Maybe people will think for themselves and turn off the state run media networks of lies.
    22 Apr 2014, 09:36 PM Reply Like
  • jmjjmj1
    , contributor
    Comments (181) | Send Message
     
    Yeah in Alaska they had to get all 8 people to agree...
    22 Apr 2014, 08:17 PM Reply Like
  • BHT
    , contributor
    Comments (36) | Send Message
     
    it will never be built.they're dream'n the impossible dream.
    22 Apr 2014, 08:52 PM Reply Like
  • Anasazi101
    , contributor
    Comments (1630) | Send Message
     
    Don't think the K-XLine goes anywhere near any of this...You may want to check maps and possible future pipelines...?

     

    And Legislatures want keep their "cushy" jobs up there, as Alaskan Citizens get to share in the "bounty" or keep their taxes down...

     

    A little research can be an eye opener of immense proportion.
    22 Apr 2014, 09:17 PM Reply Like
  • Ruffdog
    , contributor
    Comments (2056) | Send Message
     
    Each year each Alaskan citizen gets a check from the companies using the oil pipeline.
    24 Apr 2014, 01:58 PM Reply Like
  • Moshe Ben-Reuven
    , contributor
    Comments (258) | Send Message
     
    The Export/LNG idea is a shining example of short sighted Magical Thinking (channeling Arthur Berman). There is not enough natural gas in the US. With Total proved reserves of 334 TSCF (2011) per latest EIA, and current consumption rate of 25 TSCF, what were they thinking in Alaska, exporting 35 TSCF??

     

    The cost indicates an LNG terminal on the order of 20 MTPA (million Tonnes/year) capaciity. The cost is $2 - $4 Billion/MTPA capacity; see for instance, the recent Exxon $19 B adventure in Papua, New Guinea, on-shore. 20 MTPA is 0.9 TSCF/year, and is twice the size of the recently shut-off Egyptian LNG terminal at Ibku. It was shut off because they virtually ran out. But of course, this can never happen to us. Or could it?

     

    Why not invest the money in another Alfred E. Newman Monument to blindness in Alaska, (I am thinking job creation)? Where, we are told, a recent ex governor has sighted Russia with her naked eye. Her wisdom seems to prevail.
    22 Apr 2014, 09:35 PM Reply Like
  • JohnDB
    , contributor
    Comments (13) | Send Message
     
    Maybe you should take what you're told with some skepticism. That recent ex governor is probably smarter than you. Tine Fey, maybe not so much.
    23 Apr 2014, 10:12 AM Reply Like
  • jculley
    , contributor
    Comments (426) | Send Message
     
    As a lifelong Alaskan, this is never getting built. They have talked about and studied this literraly since I was born in '76.
    22 Apr 2014, 09:41 PM Reply Like
  • aeroguy48
    , contributor
    Comments (756) | Send Message
     
    The mid 2020's sure seems like a long time to get LNG ready to export.
    22 Apr 2014, 10:42 PM Reply Like
  • jamesr4199
    , contributor
    Comments (10) | Send Message
     
    LNG is going to get more and more relavant as the years roll by. It has fewer green house gas emissions and is a much better alternative to coal. The market is there. Keystone will go thru as soon as we take care of the special interest groups.
    23 Apr 2014, 01:06 PM Reply Like
  • Anasazi101
    , contributor
    Comments (1630) | Send Message
     
    I like Tina Fey; She is a pretty, intelligent and successful Actress, Writer, Director and Producer.

     

    She also does a humorous impersonation of a funny, ditzy, politician.
    23 Apr 2014, 01:50 PM Reply Like
  • DonSimon
    , contributor
    Comments (113) | Send Message
     
    Before the bonanza of fracking they were building facilities in Louisiana to IMPORT liquified gas. The plans have been changed fior an export facility. Reason why we did not build export facilities was because we were net importers! That has changed.
    23 Apr 2014, 02:07 PM Reply Like
  • Charles Constantinou
    , contributor
    Comments (24) | Send Message
     
    True!
    23 Apr 2014, 05:05 PM Reply Like
  • bobby44
    , contributor
    Comments (318) | Send Message
     
    The economics in Alaska are slightly different from the rest of the world. North slope gas is presently re-injected into the reservoir. Then the same gas is produced again with the oil. Then it is re-injected. See the problem? The oil is slowly getting more entrained gas (as a percentage). Solutions? - It costs to run compressors to re-inject, so run the compressors to ship the gas to a plant for export. As for the observation about this being USA gas, understand - Alaska is not connected to markets in the lower 48. If you try to pipe through Canada you will need some kind of permit -- good luck after the KXL crap.

     

    This is just another in the portfolio of projects TRP has. Some will get built; some will get politics!
    23 Apr 2014, 05:12 PM Reply Like
  • User 353732
    , contributor
    Comments (5046) | Send Message
     
    Big Government will do its best to sabotage this project.
    WashDC is not interested in what is good for Alaska or our trading partners or middle class America but what advances the power and wealth of the ruling Bosses.

     

    Eventually this project will proceed as will Keystone but at much higher cost and years after it should have been built.
    XOM thinks in terms of decades and COP fortunately already has an LNG export facility in Alaska. BP will long be gone from this project and TRP will wait patiently.
    23 Apr 2014, 05:26 PM Reply Like
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