Our Mission Alaska’s gas working for Alaskans financed by world markets. Our Vision Build a pipeline from the North Slope to Cook Inlet to unlock the natural gas reserves, heat Alaskan homes, fuel Alaska’s economy, and fund state government through sales in the Asian marketplace. Press Coverage Support group for Alaska LNG project forms Petroleum News, 6/15/18 http://www.petroleumnews.com/pntruncate/249887905 [Paywall] The Alaska Gasline Development Corp. said June 7 that Alaska organizations from around the state have formed the Alaska Gasline Coalition to support AGDC’s Alaska LNG project. Members include: Alaska AFL-CIO, Alaska Laborers, Anchorage Economic Development Corp., Arctic Slope Regional Corp., Calist…. The market for LNG is getting tighter UPI (Daniel J. Graeber), 6/7/18 https://upi.com/6755079 An exporter, the U.S. government has pressed China to take up more of its energy supplies as it works to shrink a trade deficit. Chinese parties are behind a planned LNG project in Alaska, though Wood Mackenzie’s report found the Asian market has enough supplies closer to home in the Pacific region. BP signs gas sale agreement with Alaska pipeline development agency Xinhua, 5/9/18 http://www.xinhuanet.com/english/2018-05/09/c_137165132.htm British multinational oil and gas giant BP plc. has signed a “binding” agreement with Alaska’s pipeline development agency, the Alaska Gas Development Corp. (AGDC), to sell gas to Alaska’s gasline project, a media report said Tuesday. BP is the first international oil and gas producer to sign such a deal, inked last Friday, with AGDC on gas sales in what is called “a historic milestone” in the decades-long effort to construct a natural gas pipeline in Alaska, the northwestern U.S. state, said the Anchorage Daily News. Alaska gas line agency chief recaps visit from Chinese delegation Anchorage Daily News/Alaska Journal of Commerce (Elwood Brehmer), 4/14/18 https://www.adn.com/business-economy/energy/2018/04/13/alaska-gas-line-agency-chief-recaps-visit-from-chinese-delegation-as-funding-remains-unresolved/ Alaska Gasline Development Corp. President Keith Meyer told reporters during a Thursday press briefing that a six-day trip to Alaska from March 25-30 by leaders of the state-owned Chinese companies Sinopec, Bank of China and China Investment Corp. was the foreign contingent’s opportunity to see for themselves that the Arctic-sourced LNG export plan is as achievable and real as Gov. Bill Walker’s administration has insisted. Alaska Gasline inks deal with BOC, Goldman Sachs for 43-bln-USD gas project Xinhua, 4/13/18 http://www.xinhuanet.com/english/2018-04/13/c_137109015.htm The Alaska Gasline Development Corp. (AGDC) said on Thursday that it has signed up China’s state-run Bank of China (BOC) and leading U.S. investor Goldman Sachs to help raise funds for its 43-billion-U.S.-dollar liquefied natural gas (LNG) project. “We now have formally engaged Goldman Sachs and Bank of China to really focus on the funding of this project,” AGDC President Keith Meyer said Thursday. Alaska gas line project takes a critical step forward ADN.com (Keith Meyer Op-Ed) 3/24/18 https://www.adn.com/opinions/2018/03/24/alaska-gas-line-project-takes-a-critical-step-forward/ “On behalf of AGDC and Alaskans across the state, I want to say how grateful I am to FERC and to this federal administration for its commitment to responsiveness and action on this critical infrastructure project. It is one thing to say that a project is on the fast track — as President Trump and Secretary of the Interior Ryan Zinke have both said publicly — it is quite another thing for actual progress to reflect that stated goal. I am impressed.” Alaska LNG Is Finally Clear For Takeoff OilPrice.com (Tim Daiss) 3/18/19 https://oilprice.com/Energy/Natural-Gas/Alaska-LNG-Is-Finally-Clear-For-Takeoff.html “It’s a possibility unthinkable just a year or two ago as state lawmakers on both sides of the isle called for its demise. Now, the project’s strongest proponent through those darks days may soon be able to take a bow.” Alaska timeline for LNG project establishes clarity for investors UPI (Daniel Graeber) 3/14/18 https://www.upi.com/Alaska-timeline-for-LNG-project-establishes-clarity-for-investors/6371521029562/ “The Federal Energy Regulatory Commission has set December 2019 as the deadline for an Alaskan liquefied natural gas project to receive its final environmental impact statement.” Senator throws full support behind Alaska LNG ‘advantages’ Upstream Online (Caroline Evans) 3/9/18 https://gov.alaska.gov/senator-dan-sullivan-supports-ak-lng/ “Alaska senator Dan Sullivan voiced support this week for the development of the proposed Alaska LNG liquefied natural gas project, citing the alignment between the plan’s supporters and what he said are its strong competitive advantages, writes Caroline Evans… …Alaska makes sense for a lot of reasons. The alignment between the buyers and the producers and the state of Alaska is the key to that project, and I’m going to continue to help our state legislature and governor move it forward,” he added.” Federal Agency says gas line can be approved in 2020 KTUU (Rich Mauer) 3/13/18 www.ktuu.com/content/news/Federal-agency-says-gas-line-can-be-approved-in-2020-476713293.html “JUNEAU, Alaska (KTUU) – Federal authorities say they plan to make a decision on the Alaska gas pipeline project by March 2020, a timeline that brought a cheer from state officials…” Head of Gasline Corporation says Trump is helping push project forward Alaska Public Media (Dan Bross, Fairbanks) 1/24/18 https://www.alaskapublic.org/2018/01/24/head-of-gasline-corporation-says-trump-is-helping-push-project-forward/ “We’re really getting a good reception in Washington and it’s largely because we have a project that fits very well with the administration goals of trade and infrastructure and energy export.” State gets timeline for federal environmental review of Alaska LNG project Alaska’s Energy Desk (Rashah McChesney) 3/13/18 https://www.ktoo.org/2018/03/13/state-gets-timeline-federal-environmental-review-alaska-lng-project/ “The Federal Energy Regulatory Commission announced on Tuesday that it plans to release a draft of the final Environmental Impact Statement in a year. If they stick to that schedule, they could authorize the project as early as March of 2020.” Is Alaska Poised to Compete for Investment? State Oil and Gas Policy MAtters Anchorage Daily News (Kara Moriarty) 3/10/18 https://www.adn.com/alaska-news/2018/03/09/is-alaska-poised-to-compete-for-investment-state-oil-and-gas-policy-matters/ “AGDC is continuing an innovative approach in pursuing a state-owned natural gas project to get Alaska’s natural gas to market. The Alaska Oil & Gas Association (AOGA) has long supported any project that can be economically viable. While many challenges remain, the members of AOGA, in addition to ConocoPhillips Alaska, support the approach of a state-owned project and the current efforts of AGDC to make the Alaska LNG project competitive.” U.S. natural gas exporters predict new boom, thanks to surge in demand from China CNBC (Patti Domm) 3/8/18 https://www.cnbc.com/2018/03/08/new-us-natural-gas-boom-coming-as-chinese-demand-surges.html “Fusco said there’s secular change in China behind the demand growth. “They want — they need — cleaner air, and we see that shift longer term,” he said. China’s goal is to use natural gas for 10 percent of its needs by 2020, and it needs LNG to meet that demand.” “This means as an industry we need to bring more than 100 million tons of new liquefaction capacity to the market to meet demand by 2025,” Gentle said.” Surprise Surge in Demand from China will Lead to New Us Natural Gas Boom Yahoo Finance, 3/8/18 https://finance.yahoo.com/news/surprise-surge-demand-china-lead-135700535.html “As we saw this winter, demand in Asia and China kind of surprised the market. What we saw was supposed to be a market that might not be hitting supply-demand balance until the mid-2020s,” said Kevin Brown, research analyst at Tortoise Capital Advisors. “It’s at a place now where we see the balance coming maybe earlier, in the 2020s, pushing people to have to make that second wave of LNG investment.” A Growing Partnership Matsu Frontiersman (Tim Bradner) 3/6/18 http://www.frontiersman.com/news/a-growing-partnership/article_fec2d248-21c2-11e8-acbc-bf62b9c07f9e.html “The trade initiative follows a refueling stopover in Alaska last spring by China’s president Xi Jinping, with talks with Walker and other Alaskans officials during the stop. There were also agreements signed later in the year on negotiations for Chinese firms to buy Alaska liquefied natural gas, or LNG, and invest in a North Slope gas project. Those are now ongoing.” Walker Puts Out Call to Join Trade Mission to China Alaska Journal of Commerce (Elwood Brehmer) 3/6/18 http://www.alaskajournal.com/2018-03-06/walker-puts-out-call-join-trade-mission-china#.WqmFSExFzct “The biggest fruit borne so far from Xi’s visit is the framework agreement Walker and Alaska Gasline Development Corp. President Keith Meyer signed in Beijing last November with three state-owned Chinese mega-corporations to possibly buy from and invest in the $43 billion Alaska LNG Project.” “We are seeing a tremendous increase in inquiries from China visitors and also in products available both in Anchorage and also in Fairbanks to serve Chinese visitors” Progress: Is LNG Alaska’s Next Gold Mine? Anchorage Press (Tim Bradner) 3/1/18 http://www.anchoragepress.com/news/progress-is-lng-alaska-s-next-gold-mine/article_fc00befc-1d3b-11e8-822f-db090859d6ce.html “Alaska’s state-owned Alaska Gas Development Corp. is still waiting to hear from the U.S. Federal Energy Regulatory Commission on a schedule for an Environmental Impact Statement for the $43 billion North Slope gas pipeline and liquefied natural gas project.” China Becomes World’s Second Largest LNG Importer LNG Industry (Joseph Green) 2/28/18 https://www.lngindustry.com/floating-lng/28022018/china-becomes-worlds-second-largest-lng-importer/ “China’s imports of natural gas have grown to meet increasing domestic natural gas consumption, which has been primarily driven by environmental policies to transition away from coal-fired electricity generation. The Chinese government has also implemented policies to convert several million residential households in China’s northern provinces, which traditionally rely on coal heating in the winter, to use natural gas-fired boilers instead.” “Despite increases in China’s domestic production and in pipeline imports in 2017, natural gas shortages in northern China led to record levels of LNG imports during the 2017 winter.” “EIA expects natural gas consumption in China to continue to increase – driven by economics and environmental policies – and imports and increasing domestic production will be used to meet growing demand.” Senator Dan Sullivan Urges Alaskans to Seize Economic Opportunities KTUU (Richard Mauer) 2/26/18 http://www.ktuu.com/content/news/WATCH-LIVE-Sen-Dan-Sullivan-addresses-Alaska-Legislature-475172313.html “U.S. Sen. Dan Sullivan joined in the economic optimism, voiced last week by Sen. Lisa Murkowski, in his annual address Monday to the Alaska Legislature. Sullivan said Alaskans have special reasons to seize the moment – the plain of the Arctic National Wildlife Refuge is newly opened to exploration, a natural gas line project is moving forward that could ship exports to China and reduce the effects of global warming, and Alaskans sit in key positions in the Trump administration or are awaiting confirmation.” Sullivan 2018 Address to the Legislature Senator Dan Sullivan, 2/26/18 https://vimeo.com/257946579/8d725fef03 “But the Alaska economic come back isn’t just about ANWR, several new discoveries on the north slope from fields like Mustang, Greater Mooses Tooth, Nuna, Liberty, Pikk, Putu, Willow, and Point Thompson, and progress on the gasline all point to the potential for billions of dollars of new investment, significant increases to TAPS, throughput, and state revenue, and hundreds if not thousands of good paying jobs for Alaskans. I believe that we are on the cusp again of becoming one of the hottest energy plays in the world but we need to seize the opportunity now.” Shell Predicts LNG Shortage by Mid-2020s Alaska Highway News (Nelson Bennett) 2/26/18 http://www.alaskahighwaynews.ca/business/shell-predicts-lng-shortage-by-mid-2020s-1.23185719 “In its recent LNG Outlook 2018, Shell points out that the demand for LNG is growing faster than expected and forecasts a supply shortage by the mid-2020s. The report follows on the heels of a new Energy Information Administration (EIA) brief that confirms China surpassed South Korea last year to become the world’s second largest LNG importer, behind Japan. Its appetite for LNG is only expected to grow.” Stroozas Says Stars Aligned for Gasline Development Homer Tribune (Tommy Wells) 2/23/18 http://www.homertribune.com/article/1808stroozas_says_stars_aligned_for_gas_line “The global demand for natural gas is increasing dramatically. It is outpacing the demand to produce it domestically. That is why this stranded Alaska gas, that has been in the ground all of these years and we haven’t been able to get to market, is going to play such an integral role.” According to Stroozas, the pipeline will generate thousands of jobs during development and provide Alaska with a steady and predictable stream of revenue for years to come. The development would also help alleviate rising energy costs by making a large supply of natural gas available to Alaskans.” Murkowski 2018 Address to the Legislature Senator Lisa Murkowski, 2/23/18 https://www.youtube.com/watch?v=iVuTBvMb4tY “Of course the continued progress that we have on the Alaska LNG gasline is significant.” Alaska LNG Moves with Financing for Massive Project IJ Global (Julianna Ennes) 2/23/18 https://ijglobal.com/articles/132217/alaska-lng-moves-with-financing-for-massive-project “The developer has closed several offtake and financing agreements, but is still struggling to get FERC permits.” China is ‘serious’ about Alaska gas line, Bank of China official says Anchorage Daily News (Alex DeMarban), 1/23/18 https://www.adn.com/business-economy/energy/2018/01/23/china-is-serious-about-alaska-gas-line-bank-of-china-official-says/ “He said the project will probably be built, citing “advantages” that include Alaska’s proximity and giant gas resources and growing demand in China for the resource.” Scoop: BP CEO in Alaska talking natural-gas exports AXIOS (Amy Harder) 1/12/18 https://www.axios.com/scoop-bp-ceo-in-alaska-talking-natural-gas-exports-1515699909-91930233-1b17-43da-9fe6-0d32995d5db5.html “BP’s consideration gives potential credence to the $43 billion proposed project, which coincided with President Trump visiting China in November and touting his administration’s backing of it.” … “I had not met the governor before,” Dudley told me. “I was impressed.”