
Mike Dunleavy
1:26 - 2:13
"our first oil play was actually just out the window here in Cook inlet in the 1950s and 60s. And there was so much gas that that was one of the reasons why there was an LNG export concept that was developed, because you got to remember the rest of the United States was not exporting LNG at that time. We were trying to import and get as much lng, excuse me, gas as possible. In any event, in the late 60s, the port was developed and we were shipping LNG to Tokyo to Japan for 50 straight years uninterrupted."
“our first oil play was actually just out the window here in Cook inlet in the 1950s and 60s. And there was so much gas that that was one of the reasons why there was an LNG export concept that was developed, because you got to remember the rest of the United States was not exporting LNG at that time. We were trying to import and get as much lng, excuse me, gas as possible. In any event, in the late 60s, the port was developed and we were shipping LNG to Tokyo to Japan for 50 straight years uninterrupted.”
When the Trans Alaska Oil pipeline first was completed in the late 70s and was producing oil, immediately people were pivoting to what do we do with the enormous amounts of gas? Because if you remember, our first oil play was actually just out the window here in Cook inlet in the 1950s and 60s. And there was so much gas that that was one of the reasons why there was an LNG export concept that was developed, because you got to remember the rest of the United States was not exporting LNG at that time. We were trying to import and get as much lng, excuse me, gas as possible. In any event, in the late 60s, the port was developed and we were shipping LNG to Tokyo to Japan for 50 straight years uninterrupted.
The developer behind the Alaska LNG project says financing is lined up and construction could begin in 2027. The timeline depends on the legislature approving a tax deal and regulators signing off on a gas supply agreement for Southcentral Alaska.
The Alaska LNG project is close to a gas supply agreement with Enstar Natural Gas that would deliver North Slope gas to Southcentral Alaska at prices below imported LNG. The deal awaits regulatory approval before the 807-mile pipeline can move to financial close.
