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AGDC assumes leadership over Alaska LNG project

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LNG Industry,

Alaska Gasline Development Corp. (AGDC) and affiliates ExxonMobil, BP and ConocoPhillips have concluded agreements that will enhance AGDC’s ability to progress an Alaska LNG export project to commercialise natural gas resources from Alaska’s North Slope.

Under a pre front end engineering and design (pre-FEED) joint venture agreement (JVA), the parties completed all of the pre-FEED deliverables and the Federal Energy Regulatory Commission (FERC) draft environmental and socioeconomic resource reports. Upon conclusion of the pre-FEED activities, the parties have spent over US$500 million on an Alaska LNG project. AGDC will now be responsible for both technical and regulatory activities associated with the project.

AGDC claims that this arrangement will promote the smooth continuation of the regulatory, commercial and optimisation efforts. AGDC is planning to complete the FERC pre-filing process, building on the draft environmental and socioeconomic resource reports prepared by the parties during pre-FEED.

The Alaska LNG project consists of a number of proposed facilities. These include the following: a liquefaction facility in the Nikiski area of 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 project is designed to export up to 20 million tpy of LNG.

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US LNG news LNG export news