oil and gas

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.

Glenfarne’s founder and CEO says he’s taking the project one step at a time.

This year, presenters highlighted mariculture, workforce development and healthcare. But one topic rose above the rest: energy. Where to find it, how we use it and ways to get more of it.

That’s as the board of the state-run Alaska Gasline Development Corp. gave its president permission to sign an agreement with Houston- and New York-based pipeline developer Glenfarne to shepherd the $44 billion Alaska LNG Project to a final investment decision.