newsminer.com

BG’s David Keane just finished a presentation to the Senate Resources Committee. The company put a bunch of money into studying a gas pipeline project and worked on a proposal under AGIA but ultimately didn’t apply because of underlying regulatory and resource risks. The plan was similar to the Alaska Gasline Port Authority’s in that it would have been a two-phase project starting with an LNG train out of Valdez and potentially adding on a pipeline along the Alaska Highway into Canada. Gas from the LNG would have been shipped to Asian countries in the Pacific rim, not to the U.S., to take advantage of high gas prices there (and presumably because of the difficulty siting receiving terminals on the U.S. West Coast). Keane added that BG was still interested in Alaska gas and is actively exploring in the foothills and on the slope.