The Cook Inlet basin's natural gas resource, the primary heating and power-generation fuel for Anchorage, the Mat-Su, and the Kenai Peninsula. Production has been declining for years; the state and Railbelt utilities are evaluating LNG imports, AKLNG completion, and other supply contingencies. Operators include Hilcorp and Furie/HEX.
Cook Inlet natural gas production has dropped 60% since 2010 to 200 million cubic feet per day, leaving winter demand unmet and forcing utilities to plan for costly LNG imports starting in 2033.

MEA and ENSTAR told lawmakers Southcentral electricity and heating bills will jump $21 to $31 monthly starting in 2029 when Cook Inlet gas contracts expire and utilities switch to costlier imported liquefied natural gas.
