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AKLNG project partners to explore options

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LNG Industry,

The Governor of Alaska, Bill Walker, and the partners of the Alaska LNG (AKLNG) project – ExxonMobil, BP and ConocoPhillips – have announced that they are committed to working together to explore ways to advance the project, regardless of the current challenging fiscal environment. Further details are expected to be released in early March 2016.

Walker said: “I am pleased to be part of the joint effort being taken by ExxonMobil, BP and ConocoPhillips towards this end.”

The technical work, which is associated with both the budget and work plan, is expected to have the pre-FEED work completed by the autumn of 2016.

Janet Weiss, the BP Alaska President, said: “BP remains committed to an Alaska LNG project that includes the State of Alaska.

“We will continue to work with all the parties to deliver a project with a competitive cost of supply.”

Joe Marushack, the President ConocoPhillips Alaska, added: “Given the economic headwinds the oil and gas industry is facing today, it makes sense to explore options for the AKLNG project.

“We are working collaboratively to develop alternative approaches to commercialise North Slope gas.”

Jim Flood, the Vice President of ExxonMobil Development Company, said: “ExxonMobil remains committed to commercialising Alaska’s natural gas, and we are committed to working with the project participants to explore options that would continue to progress that goal.”

Edited from press release by David Rowlands

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