H.R. 6, the Domestic Prosperity and Global Freedom Act

Get'r Done Bill for LNG Exports

Link

Link to Bill

Somewhere a village is missing an idiot

I'd like to remain professional and objective when confronted with opinions I disagree with....but then there's this guy:

Senator Ed Markey of Massachusetts

Markey thinks LNG exports are against the law (read the madness here)

As twits go I like these guys much better:

Maybe Markey will over play his hand and someday domestic oil can will be exported overseas.  Just imagine - free markets at work without government interference.

 Who's your favorite twit?

Kitimat Study Released

The next phase in development of the Alaska Gas Pipeline as defined by Governor Sean Parnell will be:

Third Quarter 2012: Two State-funded groups working on parallel projects must complete discussions to examine consolidation prospects. The groups are the North Slope producers and TC-Alaska (MOU parties) and the Alaska Gasline Development Corporation (AGDC).

While waiting for this milestone you might want to read some good papers from the Canadian Energy Research Institute (CERI) Website.

The latest paper titled "Pacific Access:  Part III - Economic Impacts of Exporting Horn River Natural Gas to Asia as LNG" is written from the perspective of Canadians analyzing the proposed Kitimat LNG project.  A lot of the data applies to decisions facing Alaskans.  The paper is well referenced and you can glean a lot of data.  For example: Total LNG Exports equal about 240 mmtpa.  The proposed Alaska LNG project would  added about 20 mmpta to that total, approximately 8% of the total market.  Capital cost of LNG plants are also addressed.  There's a fair amount of quantified data on shale gas production cost too.  File that under good-to-know but remember all shales are not equal and Alaskan shales are not yet proven producers (Although I'm wishing Great Bear the best of luck).

Another good reference is the KBR report titled "LNG LIQUEFACTION —NOT ALL PLANTS ARE CREATED EQUAL"

I hope these provide you something to read and study as we patiently await the September kumbaya milestone. My definition of September success is projects merged into one common plan.

Just what we needed

The Alaska Gas Pipeline is starting to get a lot of attention these days.  Of course all attention is not good attention.  From the Juneau Empire (LINK) "U.S. Rep. Edward Markey, D-Mass., told oil giants BP, ConocoPhillips and Exxon Mobil his natural gas export bills now in Congress would block a proposed $40 billion pipeline to export Alaska natural gas to Asia. " and "Markey said the purpose of one bill is to keep natural gas prices low in the U.S. by shielding the U.S. market from the volatility of the international market."
Nice going Congressman, thanks for sticking your beak into Alaska's business. Now go away.
Kudos to Senators Begich and Murkowski for supporting the idea of Alaskan LNG exports.


Links to other non-news news items of the week (somebody has cranked up the PR machine):


A Northern Pipeline President Obama Should Love


 Exxon Says ‘Significant Progress’ Made to End Alaska Gas Dispute