oil and gas

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.

Alaska LNG Project President Adam Prestidge doesn’t fault people for being skeptical about the project’s success. But he expects the skepticism to “fall away” as the project advances.

That’s the focus of a new group of state lawmakers – the so-called Alaska Gasline Caucus – that convened for the first time Tuesday in Anchorage.

The Alaska LNG Project nets two more agreements as project owners prepare to make a final development decision. Plus, one Alaska centenarian shares secrets to a happy life.

Glenfarne and the Alaska Gasline Development Corporation will hold an open house Oct. 8 at the North Peninsula Recreation Center from 6:30 to 7:30 p.m. to share project updates and meet with residents.

He says bringing the federal government on to the project could “dramatically lower the cost of capital.”

PTT Public Company Limited signed an agreement for “strategic participation” in the project. If the agreement evolves into a binding contract, the company would be on the hook for 2 million tonnes of LNG per year for 20 years.

The two new wells are the culmination of years of work and more than $65 million.