BP, ExxonMobil in Alaska LNG Deal

Alaska Gasline Development Corp (AGDC) has signed an agreement with BP and Exxon Mobil (XOM) to help advance the state-owned company's proposed $43.4 billion Alaska liquefied natural gas (LNG) project.

According to the agreement, the concerned parties would work together to identify ways to improve the Alaska LNG project ’s competitiveness, and progress the Federal Energy Regulatory Commission authorization to construct the project.

AGDC Interim President Joe Dubler said, “Our respective organizations share an interest in the successful commercialization of Alaska’s stranded North Slope natural gas. BP and ExxonMobil possess world-class LNG expertise which may help AGDC responsibly advance this project with maximum efficiency for the benefit of Alaskans, and I welcome their collaboration.”

AGDC is an independent, public corporation of the State of Alaska. Advancing the development and construction of a North Slope natural gas pipeline and LNG export project is its top priority.

"Alaska LNG will safely and efficiently develop Alaska's vast North Slope natural gas resources for the benefit of the state and its people," said the company.