Gasline

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 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.

The shale revolution in the United States has created “huge uncertainties” for international natural gas markets that likely will inhibit investments in gas — both conventional and unconventional — and in many renewables, London-based analyst Chatham House said last week.

The Alaska Gasline Inducement Act (AGIA) — the pipeline development initiative of former Gov. Sarah Palin — used a flawed financial analysis and overstated the “economic vitality” of the project, making the prospects for construction of an actual pipeline “doubtful,” according to an analysis by a petroleum economist who used to work for the state.

TransCanada Corp., which has its finger in some of the biggest gas projects in North America, including the Alaska Gasline Project and the proposed Mackenzie Gas Pipeline, is looking down the road toward even more opportunities, a company executive said last month.

TransCanada Corp., which has its finger in some of the biggest gas projects in North America, including the Alaska Gasline Project and the proposed Mackenzie Gas Pipeline, is looking down the road toward even more opportunities, Dean Ferguson, vice president of marketing, business development and regulatory affairs for the TransCanada’s U.S. Pipeline Central unit, told a GasMart 2008 audience in Chicago last week.

Alaska Gov. Sarah Palin last Tuesday took the next step in implementing her Alaska Gasline Inducement Act (AGIA) by issuing a request for applications from companies for an exclusive license to build a $30 billion-plus pipeline to bring Alaska North Slope natural gas to market.

Alaska Gov. Sarah Palin Tuesday took the next step in implementing her Alaska Gasline Inducement Act (AGIA) by issuing a request for applications from companies for an exclusive license to build a $30 billion-plus pipeline to bring Alaska North Slope natural gas to market.

On the final day of their regular legislative session, Alaska lawmakers late Wednesday adopted Gov. Sarah Palin’s Alaska Gasline Inducement Act (AGIA), which outlines plans for the state to seek proposals for a $30 billion-plus pipeline to bring Alaska natural gas to market. Projects that would meet state goals would be in line for tax and royalty incentives as well as a $500 million grant.