Alaska LNG Project parties sign heads of agreement

01/27/2014
ExxonMobil Corp., BP PLC, ConocoPhillips, TransCanada Corp., Alaska Gasline Development Corp. (AGDC), and Alaska's commissioners of natural resources and revenue have signed a heads of agreement (HOA) for the Alaska LNG Project, laying the commercial framework for development of an 800-mile natural gas pipeline to transport production from the Alaska North Slope (ANS) to a 15-18 million tonne/year LNG plant on its south-central coast. The HOA is subject to public review by the state legislature this session. Alaska Gov. Sean Parnell described the agreement as "historic" saying it would allow pipeline development "on Alaska's terms and in Alaskans' interests." The HOA w...
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