ExxonMobil Alaska operates North Slope oil and gas fields and participates in Alaska LNG pipeline development discussions with state regulators.
Anchorage, AK, USA
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0:35
Luke Saugier
“they contain pricing. We've agreed on pricing, we've agreed on volumes, we've agreed on terms, right? And there are other things that we have not yet agreed on that we continue to work on as we move forward.”Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026
0:33
Luke Saugier
“the gas resource at 800 billion cubic feet is, we would say, significantly larger than the remaining oil resource”Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026
0:34
Luke Saugier
“we estimate the cost to sell Phase 1 gas into a pipeline would be, we think, less than $50 million”Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026
0:37
Luke Saugier
“Our only upstream cost will be that connection into the pipeline, which will be right at, as you say, the tailgate of our plant.”Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026
0:13
Luke Saugier
“It's 6 trillion cubic feet of gas recoverable, is what ARGCC estimates.”Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026
0:31
Luke Saugier
“These are non-binding commitments. Um, and as it says, they don't, they don't trigger any gas deliveries or financial obligations. It's our continuing commitment to work together.”Alaska Legislature: Senate Finance - June 8, 2026 1:30pm · Jun 8, 2026
All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line
Three major North Slope producers told the Alaska Senate Finance Committee they signed gas sale precedent agreements for Alaska LNG Phase 1 and will sell at the lease line. That structure means midstream pipeline and treatment costs won't be deductible against oil production tax.
by Alaska News1mo ago3 min readAIJuneau
