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

LINK - HOUSE

LINK - SENATE 

 

 

Alaska LNG Competitiveness Study

Link:  Alaska LNG Competitiveness Study

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

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.

Link

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.

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
 

TC IN or OUT

The State of Alaska is struggling to get the gas pipeline and LNG project back on track.  A new report by Black and Veatch lays out the risk, cost and advantages of moving forward without TransCanada (TC).  LINK TO REPORT.

The participation of TC is a legacy of the Palin years and the AGIA process.  Governor Parnell ended AGIA and now Governor Walker is looking to buy out TC.

The world has moved on over the years and soon interest rates will increase and weed out marginal projects like the Alaska LNG project. The project is not a project without customers willing to commit to buying the product.  Maybe the time is right for the State to tidy up the partnership, get aligned and pull the project out of the ditch before it is too late.

The Next Big Project : C U N B C ?

I guess I have a pretty bad skill set when it comes to picking the next big project.  Back in 2005 I thought the AK pipeline was the next big one...then Sarah and Shale gas and global economic problems set in.  At this point I'm about 100% certain that I won't see work on the big job unless they pull ancient codgers out  retirement to read drawings for the new breed of people that call themselves engineers.

If I was a betting man I'd say that Gov. Walker is the new Sarah. Things are off track and you just don't get the idea that the required level of alignment has occurred or ever will occur.  Now low oil prices are casting a long shadow over the finances of all the participants including the State of Alaska.

The next big one: The $36 billion Pacific Northwest LNG project located in British Columbia.  Work will include everything from drilling wells, to building a pipeline and building the LNG plant.  The project has played hard ball with all concerned and it appears they have driven a hard bargain with British Columbia. 

See you there maybe? (C U N B C ?)

Links:

LNG project construction in Prince Rupert could begin later this year: Minister

25-year tax shelter ; BC-Pacific NorthWest deal promises compensation for tax hikes, regulatory changes

LNG protected from tax hikes for 25 years in deal with B.C. government