Thursday, September 7, 2017

Alaska Gas Line (and LNG) news

Maybe seeing huge masses of swirling clouds in the Gulf of Mexico leads one to think about diversification of LNG supplies.  Maybe spats between Persian Gulf neighbors reinforce the idea that its a good idea to seek some portion of your LNG supply elsewhere.

Whatever the reason news out of AGDC indicates that someone thinks Alaska LNG still has a place in the marketplace.  To quote the news release:

“The foundation customer capacity solicitation is an important step in the overall project development for the Alaska LNG project,” said AGDC President Keith Meyer. “
The process enabled us to secure Foundation Customer status on the transportation and liquefaction system in an open and non- discriminatory process. In addition to an Alaska producer  submitting a conforming intent to subscribe for capacity on the system, each of the three major producers expressed interest in selling gas to AGDC for further sale to the global LNG markets. When the agreements are completed, we will have gas supply and foundation customer capacity that will allow us to provide an attractive bundled LNG sale to global customers.”
Given the low prices of Gulf Coast shale gas it's hard to get too excited about this news, however it does have the look and feel of a project that has a product to sell and buyers to buy it - something the Alaska Gas story has lacked until now.

Given the project permitting history of the Keystone XL project and the Dakota Access Pipeline the AGDC probably only has a 42 month window to work, that is the probable tenure of the current project friendly president in office. The clock is ticking.

Saturday, July 1, 2017


Finally - An agreement with an actual LNG Customer.

The Alaska Gasline Development Corporation (AGDC) has announced signing of a Memorandum Of Understanding (MOU) with the Korea Gas Corporation (KOGAS).


The AGDC announcement is sparse on details like volumes, cost and schedule.

After so many false starts it would be easy to write this off as just one more announcement that goes nowhere, however KOGAS is a big customer of Qatar and recent events should drive any rational LNG buyer to the conclusion to shift volumes outside of the Qatar / Saudi Arabia conflict region. 

Friday, August 26, 2016

Senate Resources Committee documents : August 2016

Follow the excitement as the biggest project in the world pivots from private ownership to State ownership and possible financial ruin:

LINK 8/25

LINK 8/24





Thursday, August 25, 2016

Alaska LNG Competitiveness Study

Link:  Alaska LNG Competitiveness Study

SoA case looks like the only viable option now provided the State position expands.

Sunday, March 27, 2016

U.S. Gulf Coast just got closer to Asia

LNG produced on the US Gulf Coast is about to move closer to Asia.  This negatively impacts the competitiveness of the Alaska LNG project.


Friday, February 19, 2016

Pacific NorthWest LNG

Pacific NorthWest LNG continues to make progress while AK LNG falters.

"The Canadian Environmental Assessment Agency (CEAA) released its draft environmental assessment report and proposed conditions for the Pacific NorthWest LNG project."

Link to the draft environmental assessment report.

Sunday, January 31, 2016

Alaska Gas Pipeline / LNG Project Presentations

Link to Recent Presentation made to the Alaska State Legislature:

Project Presentations (Steve Butt)

Find more at (LINK)

Governor Walker's Ultimatum Letter to Producers