$10 Billion Alaska Stand Alone Pipeline Gains Key Federal Approval

Alaska Gasline Development Corp (AGDC) received the last major federal permit needed on March 4th for its proposed $10 billion Alaska Stand Alone Pipeline (ASAP) to supply natural gas to in-state consumers, the company said on Wednesday.

The ASAP is a 733-mile project designed to deliver gas from Alaska’s North Slope to customers in Fairbanks, Anchorage and other parts of the state.

ASAP is part of state-owned AGDC’s proposed $43.4 billion Alaska LNG project. It is designed to liquefy 3.5 billion cubic feet per day of gas for sale to customers in the Asia-Pacific region from a facility to be built in Nikiski on the Kenai Peninsula south of Anchorage, which includes an 807-mile pipeline.

“We see Alaska Stand Alone as a backup plan. We are mostly focused on Alaska LNG,” said AGDC spokesman Tim Fitzpatrick.

The company has planned to make a final investment decision to build the LNG project in early 2020 that would enable it to enter service in 2025, said AGDC in the past.

Source:
reuters

Alaska's New Governor Won’t Have a Say on $43 Billion Project Until It is Fully Examined

Alaska’s Governor Mike Dunleavy will “withhold judgement” on the $43 billion liquefied natural gas project until the “administration can fully understand the costs, risks, and potential benefits.”

The 800-mile pipeline will move North Slope gas to Nikiski at a plant that would liquefy it for shipment. Sales will be mostly targeted to buyers in the Asia market.

Dunleavy is the third governor to oversee the project which launched in 2012.

An approval for the project is not expected until February 2020.

Source:
Houston Chron