Alaska Gasline Development Corp. signed an exclusive framework agreement with a private company to lead and fund the development of the Alaska LNG project, said Pantheon Resources plc in a Jan. 7 release. The parties will develop legally binding agreements.
The proposed project will include a gas treatment plant with average daily capacity of 3.5 bcf in Prudhoe Bay on the North Slope, an 807-mile, 42-in OD, 3.3 bcfd natural gas pipeline transecting the state, and a 20-million tonnes/year LNG export terminal at Nikiski. North Slope fields are expected to deliver on average about 3.5 bcfd.
In June 2024, Pantheon and AGDC signed a gas supply precedent agreement, under which Pantheon would supply its natural gas into the pipeline pursuant to a definitive gas sales agreement.
Alaska LNG project overview
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
