- Alaska and North Slope producers are discussing possible new ownership structures for the Alaska LNG project, the acting state Natural Resources Commissioner tells Platts.
- BP (BP +0.8%), Conoco Phillips (COP -0.3%), Exxon Mobil (XOM -0.1%) and the state of Alaska have been working on a $45B-$65B project involving a jointly owned 800-mile gas pipeline from the North Slope and a large liquefied natural gas plant in a south Alaska port.
- The official says "transition" talks are underway with the producers and could include a new partnership arrangement and a larger role for the state; Alaska and each of the three industry partners hold ~25% stakes.
- If it proceeds, the project is planned to be in construction in 2019 and in operation in 2024 or 2025, a schedule that still could be met even under a realigned ownership, according to the official.