Agdc

The state of Alaska, through the Alaska Gasline Development Corp. (AGDC), and ConocoPhillips Alaska Inc. have executed a memorandum of understanding (MOU) to form a joint venture company (JV) to market liquefied natural gas (LNG) from the Alaska LNG project and acquire North Slope gas, with an ultimate goal to bring global LNG buyers and North Slope wellhead sellers together.

Planning for the state of Alaska to take over the multi-billion-dollar project to commercialize North Slope natural gas reserves has begun. Such a transition would put the project in the hands of the state’s Alaska Gasline Development Corp. (AGDC) and remove Alaska’s major producers from direct participation.

The Alaska Gasline Development Corp.(AGDC) has appointed Keith M. Meyerpresident following a five-month search to replace Dan Fauske, who resigned. Meyer has more than 35 years of industry experience, including 15 years focused on liquefied natural gas (LNG) initiatives. He has managed the development of large-scale infrastructure projects spanning four continents to include LNG terminals, natural gas pipelines, power plants, gas liquids plants, storage, and gas separation projects. He joins AGDC from LNG America, an energy logistics company he founded in 2008 to provide end-to-end LNG distribution solutions to increase the use of LNG as a fuel source within the marine, transportation and other high-horsepower industries. Meyer was previously president of Cheniere LNGwhere he oversaw the development of the Sabine Pass receiving terminal in Louisiana. He has also worked for CMS Energy Inc.and ANR Pipeline Co.Meyer takes the helm of AGDC following the state of Alaska’s $65 million acquisition of TransCanada Corp.’s interest in the Alaska LNGproject (see Daily GPI,Nov. 5, 2015). AGDC holds the state’s 25% interest in the 20 million tonne per annum LNG export project, which is completing a $400 million preliminary front-end engineering design phase this year.

The state of Alaska will be an equity partner in a pipeline and natural gas liquefaction project that would at last commercialize the state’s vast stranded natural gas resource, Gov. Sean Parnell said Friday.