KSRM: Murkowski Backs Commitment To Alaska LNG Project

The Alaska Gasline Development Corporation (AGDC) announced a funding agreement to help complete the Federal Energy Regulatory Commission (FERC) permitting process for the Alaska LNG project.

U.S. Senator Lisa Murkowski chairman of the Senate Committee on Energy and Natural Resources: “This is a welcome announcement and an important step for the Alaska LNG project, as they can now have confidence they have the resources to complete the FERC process. I appreciate this commitment and urge all involved parties to work closely with FERC to complete final permit review as soon as possible.”

Two companies – ExxonMobil and BP – will each contribute $10 million toward the completion of the Alaska LNG project’s FERC permitting process. The AGDC announced in March that it has signed an agreement with BP and ExxonMobil to collaborate on ways to advance the Alaska LNG project, and now have investment from the companies to back it.

Republican Lt. Gov. Kevin Meyer announced the investment Thursday at an oil and gas conference in Anchorage, stating that the investment by BP and ExxonMobil is intended to achieve a key federal permit next year.

The Alaska LNG Project is an integrated pipeline project that includes a treatment facility on the North Slope of Alaska, an 800-mile long pipeline, five off-take points for natural gas for in-state residential and commercial use, and a liquefaction facility at tidewater.

It is the nation’s largest energy infrastructure project in planning and permitting.

By:  Jennifer Williams
Source: KSRM