Alaska LNG Project LLC Receives Conditional Authorization to Export LNG to Non-Free Trade Agreement Countries
ANCHORAGE, Alaska--(BUSINESS WIRE)-- The Alaska LNG project marks another significant milestone with today’s announcement by the United States Department of Energy that it has conditionally authorized the Alaska LNG Project LLC to export liquefied natural gas to non-Free Trade Agreement countries.
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The application to export up to 20 million metric tons per year of liquefied natural gas from Alaska for a 30-year period was submitted to the U.S. Department of Energy last July. Authorization to export to nations with existing free trade agreements with the U.S. was previously received in November 2014. Today’s announcement conditionally further expands the authorization to include non-Free Trade Agreement countries as well.
“We are very pleased with the progress this represents,” said Steve Butt, Alaska LNG senior project manager. “As with any large scale LNG project, access to as many markets as possible will improve the commercial viability of the proposed project.”
The Alaska LNG project would provide significant economic benefits to Alaskans including state revenues, new job opportunities and access to decades of in-state natural gas for homes and businesses in Alaska. The Alaska LNG project is anticipated to create up to 15,000 jobs during construction and approximately 1,000 jobs for the operation of the project.
The proposed project facilities include a liquefaction facility in the Nikiski area on the Kenai Peninsula, an 800-mile large diameter pipeline, up to eight compression stations, at least five take-off points for in-state gas delivery, a gas treatment plant located on the North Slope and transmission lines to transport gas from Prudhoe Bay and Point Thomson to the gas treatment plant.
The Alaska LNG project participants are the Alaska Gasline Development Corporation (AGDC) and affiliates of ExxonMobil, TransCanada, BP and ConocoPhillips. For more information on Alaska LNG, visit ak-lng.com.
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FORWARD LOOKING INFORMATION
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ALASKA GASLINE DEVELOPMENT CORPORATION
As an instrumentality of the State of Alaska, the Alaska Gasline Development Corporation (AGDC) is not subject to oversight by the U.S. Securities and Exchange Commission. However, AGDC notes that all forward-looking statements reflect AGDC’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. AGDC undertakes no obligation to update or revise any forward-looking information except as required by law.
Alaska Gasline Development Corporation
Miles Baker, 907-330-6360
Natalie Lowman, 907-263-4153
TransCanada Media Relations
Shawn Howard, 800-608-7859
BP Press Office
ExxonMobil Media Relations
Aaron Stryk, 832-624-7559
Source: Exxon Mobil Corporation
Released June 1, 2015