The state gas line corporation will hold a special meeting Saturday to take the final steps in buying out TransCanada from the giant Alaska liquefied natural gas project considered critical to the state's struggling oil-based economy.
The cost of the buyout from Alaska LNG has been estimated at $70 million and will give Alaska a greater voice on decisions involving the two major elements of the $55 billion proposal — the natural gas treatment plant on the North Slope and an 800-mile pipeline supplying gas to a liquefaction plant in Nikiski.
Alaska Gasline Development Corp. board members are expected to swiftly approve paying the funds, which were recently provided by the Legislature as part of a $160 million package for the state's participation in the project.
Saturday's 8:30 a.m. meeting will be available on teleconference at 855-282-6330 with an access number of 494 691 343. It will be held at at AGDC offices at 3201 C St. in Anchorage.