Partners in the Alaska LNG project marked another milestone after reporting the filing of an application with the US Department of Energy for the export of as much as 20 million tonnes/year of LNG for 30 years to countries that have existing free-trade agreements with the US, as well as to non-FTA countries.
Alaska LNG project participants include Alaska Gasline Development Corp. and units of TransCanada Corp., BP PLC, ConocoPhillips, and ExxonMobil Corp.
The project is now in pre-frontend engineering and design phase, which is expected to be completed in 2016.
The proposed project facilities include a liquefaction plant and terminal in the Nikiski area on the Kenai Peninsula; an 800-mile, 42-in. pipeline; as many as eight compression stations; at least five take-off points for in-state gas delivery; and a gas treatment plant on the North Slope.
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WNN - Rusatom International Network - a subsidiary of Russian state nuclear corporation Rosatom - has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB). The memorandum provides for establishing common principles of bilateral cooperation with Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries.
BLOOMBERG - The Norwegian government in June made its first deposit into its wealth fund since the end of 2015. Now that the economy is in full recovery and the labor market is tightening, winding down fiscal stimulus is a key priority in next year’s budget, the prime minister said in an interview in Arendal, on Norway’s southern coast.
PLATTS - A deal between Chinese companies and Alaska's state gas corporation to build the $43 billion Alaska LNG Project appears to be on scheduled despite the trade war brewing between the US and China.
REUTERS - Benchmark Brent crude oil LCOc1 was up 10 cents at $72.91 a barrel by 0930 GMT. U.S. light crude CLc1 was unchanged at $67.63 a barrel.