oil and gas

The event came as state senators 600 miles away considered a high-stakes tax cut for the project the developer says is crucial to making it economical.

In attendance were representatives of would-be gas buyer Donlin Gold, a Greek shipping company called Danaos and Korean steel supplier POSCO.

Dunleavy spoke with KDLL one-on-one the day the legislation was introduced.

Both Hilcorp and ENSTAR said they’ve been eyeing Kenai’s pore space for about a year. ENSTAR estimates it could start injecting gas by the end of the year for around $240 million. Hilcorp says it could do it for less money, around $100 million.

The announcement described a smattering of new nonbinding agreements that cover gas supplies from ExxonMobil and Hilcorp, roughly two-thirds of the steel needed for the pipeline and construction services.

Through the partnership the company would “facilitate the construction and operation” of at least six liquefied natural gas carriers.

Under the nonbinding agreement, Glenfarne would lend Donlin its pipeline expertise and Donlin would buy natural gas from Glenfarne.

The consultants say property taxes, production royalties and permitting are all areas state lawmakers may need to address.

The needs are in industries you might expect: 1,900 engineers, 1,600 pipefitters and welders, 450 ironworkers, 400 electricians and 3,500 logistics professionals.

Glenfarne celebrated the preliminary Tokyo Gas agreement in a press release for pushing the project over the halfway mark of its LNG export capacity.