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Author	Topic: Alaska governor announces plan to finance small LNG project on North Slope	Post a Reply Back to Topics

skb69sa Champion Author San Antonio Posts:3,472 Points:707,700 Joined:Mar 2011	Message Posted: Dec 11, 2012 12:01:28 AM Ignore skb69sa Report Abuse Alaska will finance $355 million of a liquefied natural gas project on the North Slope to support an LNG trucking operation as well as LNG regasification facilities near Fairbanks, in Interior Alaska, as well as an expanded gas distribution system in the city, Governor Sean Parnell said late Friday. The proposal needs approval by the state Legislature in its 2013 session. An Interior Alaska electric cooperative, Golden Valley Electric Association, has been working on a plan for an LNG plant that would convert 9 Bcf/year to LNG, which would replace oil that Golden Valley now uses to generate electricity at generation plant near North Pole, east of Fairbanks. Golden Valley would also make gas available to Flint Hills Resources for its refinery, also at North Pole and which also uses oil fo Visit Platts for full article

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Message Posted: Dec 11, 2012 12:01:28 AM

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Alaska will finance $355 million of a liquefied natural gas project on the North Slope to support an LNG trucking operation as well as LNG regasification facilities near Fairbanks, in Interior Alaska, as well as an expanded gas distribution system in the city, Governor Sean Parnell said late Friday.

The proposal needs approval by the state Legislature in its 2013 session. An Interior Alaska electric cooperative, Golden Valley Electric Association, has been working on a plan for an LNG plant that would convert 9 Bcf/year to LNG, which would replace oil that Golden Valley now uses to generate electricity at generation plant near North Pole, east of Fairbanks.

Golden Valley would also make gas available to Flint Hills Resources for its refinery, also at North Pole and which also uses oil fo
Visit Platts for full article

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LetemEatCake Champion Author Oklahoma City Posts:5,595 Points:1,202,085 Joined:Mar 2008	Message Posted: Dec 12, 2012 11:11:00 PM Ignore LetemEatCake Report Abuse Mitt4Prez...how do you figure this is boondoggle? You live in Alaska, right?
nsdp Champion Author San Antonio Posts:1,117 Points:47,290 Joined:Jun 2012	Message Posted: Dec 11, 2012 12:19:44 PM Ignore nsdp Report Abuse Beats $65 billion for a pipeline to bring the NG to the lower 48.
mitt4prez Champion Author Tacoma Posts:1,728 Points:1,242,220 Joined:Nov 2007	Message Posted: Dec 11, 2012 10:59:49 AM Ignore mitt4prez Report Abuse Another boondoggle by a supposed "Conservative."
investmentdr Champion Author Cleveland Posts:4,008 Points:1,451,050 Joined:Sep 2008	Message Posted: Dec 11, 2012 10:59:15 AM Ignore investmentdr Report Abuse good idea, for 3 months out of the year
Buck_on_Bass Champion Author Tennessee Posts:7,564 Points:1,452,610 Joined:Jul 2007	Message Posted: Dec 11, 2012 8:05:12 AM Ignore Buck_on_Bass Report Abuse Given the high cost of heating oil and the relatively low cost of NG, this looks like a good investment.
sljbc475 Champion Author Tucson Posts:4,200 Points:869,125 Joined:Dec 2010	Message Posted: Dec 11, 2012 7:51:47 AM Ignore sljbc475 Report Abuse Good news for Alaska and truckers.
doeslayersr Champion Author Illinois Posts:9,093 Points:869,080 Joined:Dec 2010	Message Posted: Dec 11, 2012 7:50:01 AM Ignore doeslayersr Report Abuse Ok.
58salty Champion Author Jacksonville Posts:6,594 Points:626,865 Joined:Aug 2011	Message Posted: Dec 11, 2012 7:24:32 AM Ignore 58salty Report Abuse OK
skippypa Champion Author Hawaii Posts:8,461 Points:1,738,005 Joined:Jun 2008	Message Posted: Dec 11, 2012 5:24:50 AM Ignore skippypa Report Abuse How much is the governor making on this deal??????
pilotmass Champion Author Boston Posts:1,803 Points:499,360 Joined:Jul 2011	Message Posted: Dec 11, 2012 5:23:38 AM Ignore pilotmass Report Abuse Did Alaskan Politicians get paid off?
DutchTreatMI Champion Author Grand Rapids Posts:3,295 Points:748,765 Joined:Mar 2011	Message Posted: Dec 11, 2012 5:13:54 AM Ignore DutchTreatMI Report Abuse Not so sure government should be bank rolling this project; but someone needs to do it.
tomok Champion Author Portland Posts:32,931 Points:2,342,585 Joined:Aug 2006	Message Posted: Dec 11, 2012 5:08:39 AM Ignore tomok Report Abuse Alaska governor announces plan to finance small LNG project on North Slope. Should state or federal government be doing this, leave this kind of development to private enterprise instead? The Alaskan oil and gas fields are just beginning to die out, suck out as much of it out of the ground before it's to late. Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
mrjames1818 Champion Author New Jersey Posts:1,530 Points:1,995,170 Joined:Mar 2004	Message Posted: Dec 11, 2012 4:59:24 AM Ignore mrjames1818 Report Abuse Sounds like a step in the right direction
SOLONGCOLD Champion Author Ann Arbor Posts:1,100 Points:268,545 Joined:Nov 2010	Message Posted: Dec 11, 2012 4:51:28 AM Ignore SOLONGCOLD Report Abuse there's a ton of oil in the wilderness of Alaska - start drilling!!
JadeK Veteran Author Michigan Posts:260 Points:202,170 Joined:Jul 2011	Message Posted: Dec 11, 2012 4:50:54 AM Ignore JadeK Report Abuse Interesting, hope it works out for them.
NotTom Champion Author New Hampshire Posts:5,336 Points:1,382,740 Joined:Aug 2005	Message Posted: Dec 11, 2012 4:45:07 AM Ignore NotTom Report Abuse ok
DavidsChallenge All-Star Author Louisville Posts:635 Points:125,805 Joined:Aug 2012	Message Posted: Dec 11, 2012 4:44:12 AM Ignore DavidsChallenge Report Abuse Keep government out of business period.
mar2100 Veteran Author Cleveland Posts:348 Points:16,925 Joined:Sep 2012	Message Posted: Dec 11, 2012 3:56:55 AM Ignore mar2100 Report Abuse Hmmmmmmmmmmm
SkooterG Champion Author Phoenix Posts:1,359 Points:327,835 Joined:May 2012	Message Posted: Dec 11, 2012 2:59:49 AM Ignore SkooterG Report Abuse So what is the potential downside?
WhiskersTheCat All-Star Author Austin Posts:801 Points:1,317,925 Joined:Oct 2008	Message Posted: Dec 11, 2012 2:54:04 AM Ignore WhiskersTheCat Report Abuse "temperatures have been 30 degrees to 40 degrees below zero Fahrenheit in Fairbanks." That sounds like global warming to me. hehe.
pepinoNC Champion Author Raleigh Posts:2,138 Points:655,865 Joined:May 2011	Message Posted: Dec 11, 2012 2:52:03 AM Ignore pepinoNC Report Abuse I can see russia from my house.
tndirtydawg Champion Author Memphis Posts:1,143 Points:645,790 Joined:Jun 2006	Message Posted: Dec 11, 2012 2:49:57 AM Ignore tndirtydawg Report Abuse A move in the right direction.
Topless2012 Champion Author Twin Cities Posts:2,417 Points:478,140 Joined:Jan 2012	Message Posted: Dec 11, 2012 2:47:59 AM Ignore Topless2012 Report Abuse Someone needs to be helping the economy.. This is a start.
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,624,400 Joined:Jun 2008	Message Posted: Dec 11, 2012 2:43:05 AM Ignore DrCashFlow Report Abuse north pole east of fairbanks?
Happytalk Champion Author Pennsylvania Posts:2,120 Points:574,190 Joined:May 2010	Message Posted: Dec 11, 2012 2:43:05 AM Ignore Happytalk Report Abuse good for Alaska
Ready Eddie Champion Author Twin Cities Posts:5,761 Points:1,340,820 Joined:Feb 2003	Message Posted: Dec 11, 2012 2:40:15 AM Ignore Ready Eddie Report Abuse Good for the economy.
OldMan322 Champion Author Illinois Posts:5,135 Points:1,591,590 Joined:Jul 2008	Message Posted: Dec 11, 2012 2:38:53 AM Ignore OldMan322 Report Abuse "Luckylindy" In Alaska they get a free one way ticket to the North pole
MrLefty0706 Champion Author Chicago Posts:1,434 Points:348,385 Joined:Apr 2012	Message Posted: Dec 11, 2012 2:35:51 AM Ignore MrLefty0706 Report Abuse Is there enough gas there to justify the expense?
kd5kpd Champion Author Texas Posts:3,721 Points:1,413,800 Joined:Apr 2006	Message Posted: Dec 11, 2012 2:33:04 AM Ignore kd5kpd Report Abuse Sure wished I had that kind of money to throw around or just the interest from a year off of it.
RENEGADEGAS Champion Author Missouri Posts:14,894 Points:1,588,300 Joined:Jul 2008	Message Posted: Dec 11, 2012 2:28:00 AM Ignore RENEGADEGAS Report Abuse Whats that coming over the hill??? Oh look its a wild pack of greenie weenies and thier friends the EPA! Looks like another industry that provides jobs and economic growth will be shut down soon.
silverfoxv65 Champion Author Michigan Posts:4,465 Points:1,227,125 Joined:Sep 2009	Message Posted: Dec 11, 2012 2:22:38 AM Ignore silverfoxv65 Report Abuse Boy thats a lot of money, they just throw it around like its nothing anymore!!!
Bubba44612 Champion Author Ohio Posts:7,381 Points:1,874,155 Joined:Aug 2005	Message Posted: Dec 11, 2012 2:19:46 AM Ignore Bubba44612 Report Abuse Smart move if the gas is plentiful.
pricewar Champion Author Ogden Posts:1,930 Points:271,540 Joined:Jul 2012	Message Posted: Dec 11, 2012 2:15:57 AM Ignore pricewar Report Abuse I hope they use good judgement
JSX515 Champion Author St. Louis Posts:3,698 Points:798,670 Joined:Feb 2011	Message Posted: Dec 11, 2012 2:15:23 AM Ignore JSX515 Report Abuse we need civil war
SHEP20715 Champion Author Maryland Posts:8,451 Points:1,711,920 Joined:Nov 2007	Message Posted: Dec 11, 2012 2:12:21 AM Ignore SHEP20715 Report Abuse Government, both state and federal, have to be involved in these type of projects. Private industry is reluctant to invest in long term research & developement, because share holders demand instant profit and the oil and gas industry certainly will not jeopardize their billions of profit
EvPv Champion Author Maine Posts:1,023 Points:262,775 Joined:Feb 2011	Message Posted: Dec 11, 2012 2:11:48 AM Ignore EvPv Report Abuse self funded is the best way.
bobdec Champion Author Miami Posts:8,949 Points:1,766,795 Joined:May 2008	Message Posted: Dec 11, 2012 2:10:25 AM Ignore bobdec Report Abuse Should be good
Luckylindy Champion Author Milwaukee Posts:4,499 Points:1,124,145 Joined:May 2008	Message Posted: Dec 11, 2012 2:10:14 AM Ignore Luckylindy Report Abuse Wait until lefties complain and start filling lawsuits.
packards42 Champion Author Washington Posts:6,425 Points:1,124,590 Joined:Feb 2005	Message Posted: Dec 11, 2012 2:07:47 AM Ignore packards42 Report Abuse This is a good idea and the LNG plantd are baddly need on the north slope.
btex49 Champion Author Austin Posts:2,705 Points:528,155 Joined:Aug 2011	Message Posted: Dec 11, 2012 2:03:39 AM Ignore btex49 Report Abuse Sounds like it has real possibilities. I wish everyone the best with this project!
gmcgas Champion Author Atlanta Posts:5,937 Points:1,711,145 Joined:Mar 2004	Message Posted: Dec 11, 2012 2:02:21 AM Ignore gmcgas Report Abuse is it penny wise and dollar foolish?
LanguageMan1 Champion Author Tampa Posts:11,707 Points:1,658,865 Joined:Apr 2008	Message Posted: Dec 11, 2012 1:59:35 AM Ignore LanguageMan1 Report Abuse Wonder why???
vulcan96 Champion Author Ohio Posts:26,879 Points:3,100,750 Joined:Aug 2004	Message Posted: Dec 11, 2012 1:59:35 AM Ignore vulcan96 Report Abuse sounds like a good idea....
jimgraham Champion Author Akron Posts:10,357 Points:1,976,785 Joined:Oct 2007	Message Posted: Dec 11, 2012 1:58:16 AM Ignore jimgraham Report Abuse Environmentally friendly cost cutting using domestic fuel. What could be better?
comprof Champion Author Houston Posts:6,844 Points:1,353,825 Joined:Jul 2009	Message Posted: Dec 11, 2012 1:56:16 AM Ignore comprof Report Abuse I think that is better than wasting it. Is it economical?
sehonda Champion Author Honolulu Posts:2,023 Points:912,985 Joined:May 2009	Message Posted: Dec 11, 2012 1:53:31 AM Ignore sehonda Report Abuse waste of taxpayer money
TBONE3 Champion Author Pennsylvania Posts:8,731 Points:1,973,725 Joined:Mar 2005	Message Posted: Dec 11, 2012 1:50:08 AM Ignore TBONE3 Report Abuse Great, now that is one hep gov.!
JohnofGB Champion Author Flint Posts:5,406 Points:1,093,270 Joined:Feb 2010	Message Posted: Dec 11, 2012 1:46:28 AM Ignore JohnofGB Report Abuse Good. Beats burning it off as a flare.
LilRedWagonIN Champion Author Indiana Posts:7,761 Points:1,551,460 Joined:Oct 2008	Message Posted: Dec 11, 2012 1:42:59 AM Ignore LilRedWagonIN Report Abuse And then will the State government own it?
hank1326 Champion Author Los Angeles Posts:8,899 Points:1,730,155 Joined:Jun 2008	Message Posted: Dec 11, 2012 1:37:02 AM Ignore hank1326 Report Abuse Good for Alaska.