Alaska’s LNG Project Legislation Explained   Leave a comment

Alaska’s LNG project legislation explained

Larry Persily

Senate Bill 138, which passed the Alaska Legislature and is expected to receive Gov. Sean Parnell’s signature, provides a framework for the a large LNG project.File art

EDITOR’S NOTE: This article is written for publication by a federal agency whose goal is to transparently coordinate permitting and construction of a pipeline that delivers Alaska’s natural gas to the Lower 48.

Negotiations between the state of Alaska, major North Slope oil and gas producers and pipeline company TransCanada toward a partnership to develop the proposed Alaska LNG project will follow directions approved by state legislators April 20.

The measure, Senate Bill 138, was one of Gov. Sean Parnell’s main legislative initiatives this year. It passed the Senate 16-4 and the House 36-4.

The legislation amends multiple state laws, allowing negotiations to proceed toward the state becoming an equity partner in the multibillion-dollar project — one of the world’s largest liquefied natural gas export plants. Passage was essential for the five-party deal that will govern designing, permitting, building and operating the project.

http://www.alaskadispatch.com/article/20140503/alaskas-lng-project-legislation-explained

 

Posted May 5, 2014 by aurorawatcherak in Alaska

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