Gasline

The Alaska Gasline Inducement Act (AGIA) was passed by the state’s House and Senate finance committees with relatively minor changes late Thursday, and Gov. Sarah Palin said she was optimistic the bill would pass the Legislature with most of the original language intact. Floor votes on both bills were expected on Friday.

The Alaska Gasline Inducement Act (AGIA) was passed by the state’s House and Senate finance committees with relatively minor changes late Thursday, and Gov. Sarah Palin said she was optimistic the bill would pass the Legislature with most of the original language intact. Floor votes on both bills were expected on Friday.

Alaska could collect between $1 billion and $2.7 billion per year from a pipeline project to move North Slope gas to the Lower 48, according to terms of a draft contract between Alaska and a trio of major producers, the state said.

The Alaska Gasline Port Authority (AGPA), in the latest bid to get natural gas from Alaska to market, says it has another buyer to replace Sempra Energy and has offered to take the state’s royalty gas off its hands. The Port Authority plan is to build an 800-mile, 3 Bcf/d intrastate pipeline from the North Slope to Valdez, where the gas would be liquefied and shipped to the West Coast of the Lower 48.

The Alaskan LNG project, proposed by Sempra Energy and the Alaska Gasline Port Authority, is least likely to go forward among the three projects proposed to tap northern natural gas resources — the Alaska and Mackenzie pipelines being the other two. But an uncertain regulatory process and competition from multiple liquefied natural gas (LNG) import terminals make the fate of all three northern projects uncertain, according to a new report by Calgary-based Tristone Capital.

The Alaskan LNG project, proposed by Sempra Energy and the Alaska Gasline Port Authority, is least likely to go forward among the three projects proposed to tap northern natural gas resources — the Alaska and Mackenzie pipelines being the other two — but an uncertain regulatory process and competition from multiple liquefied natural gas (LNG) import terminals make the fate of all three northern projects uncertain, according to a new report by Calgary-based Tristone Capital.