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Governor Parnell Meets with KOGAS Officials

December 10, 2012, Juneau, Alaska – Governor Sean Parnell met with Mr. Kangsoo Choo, the Chief Executive Officer and President of Korea Gas Corp. (KOGAS), to discuss opportunities to export large volumes of Alaska liquefied natural gas (LNG) to Asia.

The meeting in Juneau follows up on a meeting in September between Governor Parnell and Mr. Choo, along with prior meetings between Natural Resources Commissioner Dan Sullivan and other KOGAS officials. The governor first met with Mr. Choo during his September trade mission to the Republic of Korea and Japan to promote Alaska LNG export opportunities. Commissioner Sullivan met with high-level KOGAS officials in Asia prior to the governor’s trip.

KOGAS is the world’s largest LNG buyer, operating three LNG terminals and pipelines to supply gas to power plants, gas utilities and other buyers. The company has partnerships in LNG projects and producing fields around the world.

Today’s meeting furthers the Parnell administration’s ongoing effort to generate interest from Asian utilities and governments in a large-scale Alaska LNG project. Alaska’s major energy companies and TransCanada Corp. are working on such a project to commercialize the North Slope’s vast gas reserves, focusing on LNG exports from tidewater in Southcentral Alaska.

The Parnell administration is holding meetings with KOGAS and a variety of other potential buyers to discuss the comparative advantages of Alaska’s gas, and to provide updates on the LNG export project.

“These efforts are critical because an Alaska project must compete with other large-scale LNG projects under development around the world,” Governor Parnell said. “We have stability and reliability working in our favor, and a vast untapped supply, yet we must remain aware of proposed projects in other areas with access to the Pacific Rim.”

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