The state of Alaska and Pantheon Resources plc are negotiating a deal to boost in-state natural gas inventories using a proposed LNG feed gas pipeline to transport associated volumes from the North Slope.

London-based Pantheon has been advancing development plans for an additional 66,000 acres in Alaska’s Ahpun and Kodiak fields since submitting the top bid last December. While it awaits the final award of those leases sometime this summer, Pantheon has commissioned studies of potential wells in the acreage and is targeting a final investment decision (FID) for the Ahpun project by 2025.

Executive Chairman David Hobbs said the firm is working on a deal with Alaska Gasline Development Corp. (AGDC) that could further boost the economics of its Ahpun development by using proposed...