Alaska Industrial Development and Export Authority

The state may give 20,000 acres near Houston to a development authority

Alaska's DNR proposes transferring nearly 20,000 acres near Houston to AIDEA at no cost for an industrial and energy district, with its review flagging reduced public trail access.

by Walter AlaskaNews2w ago1 min readAI

Ambler advances, but the U.S. stake in its developer hasn't closed

Ambler Road permits are back in force and the project is advancing, but the U.S. government's planned stake in developer Trilogy Metals still hasn't closed.

by Walter AlaskaNews1w ago2 min readAI

Draft settlement would protect ANWR leasing terms

A draft federal settlement would prevent limits on ANWR Coastal Plain oil leasing below 2017 law, resolving Alaska and AIDEA lawsuits over Biden-era restrictions.

by Maggie AlaskaNews3w ago1 min readAI

AIDEA authorized $190 million for ANWR — backed by Kaktovik, the residents

AIDEA authorized up to $190 million for ANWR seismic testing — backed by Kaktovik, the only community located inside the wildlife refuge

by Walter AlaskaNews1mo ago2 min readAI

ANWR lease sale draws $3.74m in winning bids from AIDEA, Hex Energy

The Bureau of Land Management's Arctic Refuge lease sale drew $3.7 million in winning bids Friday from two bidders on five tracts. The result marks a shift from last year's zero-bid sale but falls short of broad industry interest.

by Walter AlaskaNews2mo ago3 min readAI

AIDEA approves $190 million for ANWR seismic surveys and lease evaluation

AIDEA Board just approved $190 million for ANWR seismic work and potential new lease bids in June 2026, banking on incoming Trump administration to reverse Biden-era restrictions that made previous leases economically unviable. This represents one of Alaska's largest-ever investments in Arctic oil development.

by Walter AlaskaNews2mo ago2 min readAI

AIDEA board approves $11 million dividend to state general fund

AIDEA's dividend to the state general fund fell from $17 million (FY2024) to $11 million (FY2025), a 35% decline that signals reduced revenue for public services despite the agency's 28-year profitability streak.

by Walter AlaskaNews2mo ago1 min readAI

Alaska's investment arm hands its director more power over public money

The Alaska Industrial Development and Export Authority board approved a standing $4.5 million due diligence fund on Wednesday that resets annually and lets the executive director hire outside consultants to screen projects before any board vote, with quarterly reports that may be delivered in closed session.

by Melinda Communities.News1mo ago2 min readAI

Alaska's development bank meets behind closed doors on the Arctic Refuge, a mining road, and a port

The Alaska Industrial Development and Export Authority board meets Wednesday, July 8, and will take ANWR, Ambler, Port MacKenzie, AKAF, and AIDEA legislative matters into executive session. The board will also consider Resolution G26-08 on the Due Diligence Fund in public session.

by Walter AlaskaNews1mo ago3 min readAI

Alaska Energy Conference Highlights Gas Pipeline Progress Amid Legislative Tax Debate

The Alaska Sustainable Energy Conference showcased progress on the Alaska LNG project while the legislature debated competing tax frameworks for the pipeline. Inside: SB 280, consumer-cost concerns, the critical-minerals permitting gap, AI data centers, and rural Alaska's $6.63 gasoline.

by Walter AlaskaNews2mo ago4 min readAI

Alyeschem breaks ground on North Slope methanol plant

Alyeschem held groundbreaking May 15, 2026 for Alaska's first petrochemical manufacturing facility on the North Slope, backed by $70M AIDEA financing. Plant will convert stranded natural gas into methanol and ultra-low sulfur diesel, creating 150 construction jobs and eliminating 4,000 annual truck trips on Dalton Highway.

by Walter AlaskaNews2mo ago2 min readAI

JAG Marine takes over Ketchikan Shipyard after state ends Vigor's 20-year run

AIDEA terminated Vigor Alaska's operating agreement for the Ketchikan Shipyard in March 2025 after citing poor performance, then selected JAG Marine Group as the new operator in November 2025 following failed reconciliation talks and worker layoffs.

by Walter AlaskaNewsadded 2mo ago2 min readAI

Alaska Officials Hail 'Night and Day' Shift Under Trump Energy Policies

by Walter AlaskaNews2mo ago5 min readAI

ANWR lease sale will test whether Alaska oil appetite reaches the Arctic Refuge

BLM opens bids June 5 on an ANWR Coastal Plain lease sale. After a canceled 2021 auction and a 2025 bust, industry interest is finally being tested again.

by Cale Green2mo ago4 min read

Data center project promises rate relief amid public concerns over noise, power

Petersburg Borough Assembly heard Tuesday that a proposed 2-megawatt cryptocurrency data center at the former Ocean Beauty cannery site could stabilize electric rates and generate millions in annual revenue, but residents questioned impacts on power availability, noise levels, and future community growth during extended public testimony.

by Walter AlaskaNewsadded 2mo ago3 min readAI

AHFC board to set affordable housing award criteria June 24

Alaska Housing Finance Corporation's board will vote June 24 on the Qualified Allocation Plan that determines how developers compete for limited state affordable housing financing statewide.

by Alaska Newsadded 2mo ago2 min readAI

AIDEA releases $50M credit line for Cook Inlet gas drilling

The Alaska Industrial Development and Export Authority released funding from a $50 million revolving credit line to HEX Cook Inlet LLC in May 2025 for Kitchen Lights Unit drilling, supporting a $40 million offshore well program expected to create up to 100 temporary jobs.

by Bill AlaskaNewsadded 2mo ago2 min readAI