Alaska Memorandum of Gas Purchase Contract
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How to fill out Memorandum Of Gas Purchase Contract?
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FAQ
The state of Alaska is in talks with Hilcorp Energy and ConocoPhillips to secure natural gas for a project that would that would liquefy the fuel for export to Asia.
Alaska LNG will use clean, energy-efficient, and safe production methods to deliver a stable supply of natural gas for commercialization and for in-state distribution. North Slope fields are expected to deliver on average about 3.5 billion cubic feet of gas per day, much of it for an international market.
The Department of Energy approved Alaska Gasline Development Corp's (AGDC) exports of LNG from the project to countries with which the United States does not have a free trade agreement.
The project foresaw a pipeline with a capacity of 41 billion cubic meter (bcm) of natural gas per year down the Alaska Highway across Alaska, through the Yukon and British Columbia into Alberta. It also consisted of a gas treatment plant on North Slope. The project was estimated to cost US$35 billion.
Alaska LNG has support from Republican Gov. Mike Dunleavy, Alaska's congressional delegation and even key members of the Biden administration. But the project, with a price tag estimated at $43 billion, is reportedly facing skepticism from Asian buyers.
