AGDC, BP Alaska Announce Agreement on Key Terms of Gas Sales Agreement

May 7, 2018 | Arctic, Government, Oil & Gas

The Office Of The Governor Of The State Of Alaska

Aerial view of BP’s operations in Prudhoe Bay.
CREDIT: BP EXPLORATION

JUNEAU, AK—The Alaska Gasline Development Corporation (“AGDC”) and BP Alaska announced an agreement on key terms of a gas sales agreement, a major step forward for the Alaska LNG Project.

The deal establishes terms for price and volume, and the parties anticipate finalization of a long-term gas sales agreement in 2018 for AGDC to purchase BP Alaska’s share of 30 trillion cubic feet of gas from the Point Thomson and Prudhoe Bay units.

“During my call last week with BP’s chief executive officer, Bob Dudley, I thanked BP for its commitment to the Alaska LNG Project. I also commend Keith Meyer and his team at AGDC that worked to make this historic deal happen,” Governor Bill Walker said. “This agreement means Alaskans are one step closer to finally monetizing the vast reserves of natural gas on the North Slope. The end result will be thousands of jobs, a significant reduction in energy costs to power homes and businesses, and cleaner air. Having BP – one of our longtime participants in this project – commit its share for the gas on the sale underscores the progress we continue to make to build a stronger Alaska.

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2018 Engineer of the Year Christine Ness

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Nominated by the Alaska Chapter of the National Association of Women in Construction, 2018 Engineer of the Year Christine Ness is a fire protection engineer and project manager at PDC Engineers, an Alaska-based firm with five offices and more than one hundred employees. Ness always knew she wanted to be an engineer and, after moving here in 2013, found in Alaska the happy combination of her many loves: a brilliant husband, ample opportunities for solitary fishing excursions, and the ability to pursue her passion to make the world a little more fire resistant.

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