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Alaska, Exxon deal opens way for LNG exports
The U.S. state of Alaska has reached a settlement with Exxon Mobil Corp and its partners to develop a huge, long-fallow oil and gas field, paving the way for a major liquefied gas export plant in the coming years.
The settlement, which resolves lease control at the Point Thomson field about 60 miles (95 km) east of Prudhoe Bay, could allow for liquefied natural gas exports via tanker to Asia and may boost Alaskan oil production after decades of decline.
In exchange for continued lease control, operator Exxon and partners BP and ConocoPhillips have agreed to build a pipeline from the field to deliver 70,000 barrels per day of liquids into the Trans Alaska Pipeline System.
Read the full article here.
The U.S. state of Alaska has reached a settlement with Exxon Mobil Corp and its partners to develop a huge, long-fallow oil and gas field, paving the way for a major liquefied gas export plant in the coming years.
The settlement, which resolves lease control at the Point Thomson field about 60 miles (95 km) east of Prudhoe Bay, could allow for liquefied natural gas exports via tanker to Asia and may boost Alaskan oil production after decades of decline.
In exchange for continued lease control, operator Exxon and partners BP and ConocoPhillips have agreed to build a pipeline from the field to deliver 70,000 barrels per day of liquids into the Trans Alaska Pipeline System.
Read the full article here.