The past few months, Alaska oil has been running as much as $10 per barrel greater than the U.S. benchmark price, in a reversal of decades past when Alaska crude sold below the benchmark.
The state-led project’s latest timeline still shows first liquefied gas production by fall 2024.
It's hard to confront smaller PFDs, tax hikes and diminished services. But Alaska's future is bleak if we don't.
OPINION: Everyone needs to shoulder their share to balance Alaska's budget. Once all hands recognize that, we can do the job.
COMMENTARY: Senate Bill 138, which passed both houses of the Alaska Legislature and is expected to receive the governor's signature, enables a liquefied natural gas project to transport North Slope natural gas to world markets. Here's a detailed look at what the legislation does.
ANALYSIS: Japan currently owns stakes in five LNG export projects in Australia and also holds equity in projects across Russia, Indonesia and Canada.
Some analysts believe U.S. demand for natural gas could climb 12 percent over today's demand. But whether shale gas will meet the bulk of that future demand is as uncertain as the demand itself.
Like Alaska, Norway is a petroleum province that brings in billions of dollars in annual revenues from oil and gas development. But important differences exist in how Alaska and Norway collect, save and spend their wealth, and issue oil and gas leases.
Natural gas liquids help producers of shale gas out now, but a glut threatens their economics.
It's time to once again show that Alaska can handle the biggest jobs. It's time to push for building a pipeline to move North Slope natural gas to North American customers.
Despite uncertainties, there likely will be enough shale gas in the market for the next 20 years to push the Alaska natural gas pipeline past 2030, said a presenter at a recent pipeline conference in Texas.
A natural gas pipeline from the North Slope to serve Alaskans and Lower 48 markets is possible, but to turn it to probable will take the right market conditions, investors willing to risk tens of billions of dollars and state involvement.
