BAKKEN BREAKOUT WEEKLY
NATION & WORLD
Alaska deal aims to develop Point Thomson gas
Gov. Sean Parnell said March 30 that the state has reached a settlement in the long-running dispute over leases to develop the Point Thomson gas fi elds, clearing the way for progress on a ma- jor pipeline project. Parnell had set a March 31 deadline for the major players on Alaska’s North Slope to coalesce behind plans for a liquefi ed natural gas pipeline to get the region’s resources to market. He confi rmed that a settlement was
JUNEAU, Alaska (AP) — Alaska
work remains toward advancing the plans. Exxon Mobil Corp., BP PLC and
ConocoPhillips said they agreed on a plan to focus on a large-scale liquefi ed natural gas project, capable of overseas exports, as an alternative to a pipeline through Alberta, Canada, that would serve North America. This option could also align more closely with an effort to meet in-state gas needs, they said. “This agreement does not guar-
reached with companies including BP, Exxon Mobil and ConocoPhillips, which agreed to align with TransCan- ada Corp. so work toward a pipeline would be coordinated.
alignment are important fi rst steps,” Parnell said, but he said additional
“Ending litigation and reaching Associated Press
antee a major gas line for Alaska, but it certainly moves us a signifi cant step closer,” said state Natural Resources Commissioner Dan Sullivan. Parnell set expectations for progress on a major gas line in his State of the State address in January. The fi rst step was to have resolution on the disputed leases at the Point Thomson gas fi elds
Alaska Gov. Sean Parnell, left, and Natural Resources Commissioner Dan Sullivan appear at a news conference March 30 in Anchorage, Alaska, confi rming that a settlement over disputes on leases in the Point Thomson gas fi elds had been reached with Exxon Mobil Corp., BP PLC and ConocoPhillips.
by Feb. 8, the date the Alaska Supreme Court was to hear arguments in the long-running case. The dispute erupted when the state began pulling leases it believes energy companies held for too long without
developing. The Thomson Point leases are seen as critical to the fortunes of a gas pipeline, long-sought by Alaskans as a way to shore up revenues amid de- clining oil production and create jobs.
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