Alaska Gasline Potential
Governor Parnell is working to maximize the benefit of Alaska's gas for Alaskans and grow Alaska’s economy. Experts estimate the state has nearly 200 trillion cubic feet of natural gas reserves.
The goal is to get a gas pipeline built to bring natural gas to Alaskans and markets beyond.
In 2012, the Governor outlined a plan with measurable benchmarks to achieve the goal. Several have already been achieved, while others are in progress:
- First Quarter 2012: Resolve litigation over Point Thomson, Alaska’s largest undeveloped oil and gas field. The case ended in March 2012. This crucial first step set the stage for gas supply to a pipeline.
- First Quarter 2012: Three gas producers and a pipeline company, TC-Alaska, signed a memorandum of understanding (MOU) formally aligning on an Alaska gasline project from the North Slope to a liquefied natural gas tidewater plant. This MOU coincided with resolution of Point Thomson litigation.
- Third Quarter 2012: Two State-funded groups working on parallel projects must complete discussions to examine consolidation prospects. The groups are the North Slope producers and TC-Alaska (MOU parties) and the Alaska Gasline Development Corporation (AGDC).
- Third Quarter 2012: Also by the end of September, the Governor expects the MOU parties to have selected a project concept and developed an associated work schedule with a timeline for completion.
Meeting these milestones can enable the Legislature to move forward in 2013 with legislation designed to advance the project. Governor Parnell will not compromise on developing Alaska’s gas for the maximum benefit of Alaskans.