News & Events
AGPA Focuses on AGIA Open Season
We are positioning our project for TransCanada's open season targeted for July 2010. As part of the Alaska Gasline Inducement Act (AGIA), TransCanada committed to build a pipeline to Valdez - if sufficient gas volumes are committed - either on a standalone basis or in conjunction with a pipeline into Canada. The Port Authority along with Mitsubishi and Sempra LNG have met with TransCanada to discuss the open season. We anticipate further discusions with TransCanada as we seek to coordinate our effort.
Gas Market Changes
Recent market developments have underscored the importance of the All-Alaska LNG project as the most attractive option to monetize Alaska's gas. The Lower 48 and Canada have experienced significiant increases in production. Shale gas has been at the forefront of increases in "non-conventional" gas production. In Canada BC, shale gas is a "game changer" with projected production of 5.3 bdf/d within 10 years. The gas market in the Lower 48 has dramatically changed. The viability and need for the LNG option has never been greater from Alaska's perspective.
WHO IS THE PORT AUTHORITY?
The Port Authority is a municipal port authority established on Oct. 5, 1999. Members are the North Slope Borough, Fairbanks North Star Borough, and the City of Valdez. Our highest priority is to bring maximum benefit to Alaska with the All-Alaska Gasline.
PROJECT STATUS
The Port Authority, Mitsubishi Corporation, and Sempra LNG continue to advance the development of the All-Alaska Gasline/LNG project. We are planning significant technical, environmental and other development work for the LNG terminal.
AGPA
411 4th Ave., Suite 200
Fairbanks, Alaska 99701
Phone - (907) 474-2011
Fax - (907) 474-2001