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Alaskanomics's Blog: Alaska LNG Project Announces Lead Terminal Site

Earlier this week, it was announced that Nikiski is the leading contender for the terminal for liquefied natural gas (LNG) coming from the North Slope. A news release from ExxonMobil states that BP, ConocoPhillips, ExxonMobil and TransCanada are “continuing to refine the agreed project concept that includes a gas treatment plant located on the North Slope, an 800-mile, 42-inch pipeline with up to eight compression stations and at least five off-take points for in-state gas delivery, and a liquefaction plant and terminal.”

Senior project manager for the gas pipeline and LNG project, Steve Butt said, “The work we have put into the site selection process gives us confidence that the Nikiski site is the lead location for the LNG plant and terminal. The Nikiski site also results in a pipeline route that provides an access opportunity to North Slope natural gas by the major population centers in Fairbanks, Mat-Su Valley, Anchorage and the Kenai Peninsula.”

There are other sites that are still being considered, but Nikiski has the land available for a plant and the producers know that they can route a pipeline there. The companies have been working to create a solution to meet energy needs in Alaska as well as export LNG to Asian and Pacific Rim markets while responsibly developing North Slope Resources. The project would be a huge boost for Alaska’s economy by providing state revenue, new jobs for Alaskans and access to domestically produced natural gas. The companies will continue to work together on the logistics of a gas pipeline and major LNG plant.

 

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