Wednesday, February 13, 2008

Alaska Gas Pipeline Exxon LNG Point Thomson

The Alaska Gasline Inducement Act (AGIA) is creeping along at a glacial pace.

The Alaska Gasline Port Authority is still making it's case for an all Alaska gas pipeline and LNG port before lawmakers.

Meanwhile ExxonMobile will enter into court ordered talks with the State of Alaska to discuss development of natural gas resources in the Point Thomson unit.

This meeting will discuss plan number 23 or number 24. An indication of the State's ability to effectively negotiate an oil and gas production deal.

Lawyers, double digit plan numbers and meetings at the courthouse don't get projects built. Sound economics, good rates of return on investment, good engineering and hard work do.

1 comment:

Anonymous said...

I have not been able to find any objective analysis of the Port Thompson situation. Media reports typically chastise Exxon-Mobil for procrastination and not living up to promises, but I have also seen references (as here) regarding the large number of proposals Exxon-Mobil has submitted - each of which were rejected by the state. Does anyone have facts about this situation? Why did the state reject the proposals? Were they for good reasons or bad? Is state bureaucracy to blame? Is Exxon-Mobil to blame for repeatedly failing to submit the sort of proposals the state wanted?