Alaska’s governor Bill Walker informed on Wednesday that the Alaska LNG partners, ExxonMobil, BP and ConocoPhillips are exploring options to develop the multi-billion dollar project despite current market conditions.
Walker said the partners, together with the state are looking to define the best way to maintain the project’s momentum during the current fiscal times with more details to be revealed in March.
According to the governor’s statement, the technical work associated with the work plan and budget is on track to have the pre-FEED (front-end engineering and design) work completed in the fall of 2016.
BP, ConocoPhillips and ExxonMobil all agreed to jointly explore options to progress the project, and according to Joe Marushack, President ConocoPhillips Alaska, the partners intend to look into alternative approaches to commercializing the North Slope gas.
The Alaska liquefied natural gas project is expected to cost about $45-$65 billion.
The three-train liquefaction plant will be located in the Nikiski area on the Kenai Peninsula. It is expected to produce up to 20 million mt of LNG per annum.
LNG World News Staff