7-1-16 Much Alaska gas pipeline/LNG food for thought over the Independence Day weekend!

Yesterday we commented on the overall chaos enveloping Alaska  as it seeks fiscal stability. Fiscal stability is a critical risk for big investments -- like a multi-billion dollar energy project.  If fiscal stability does not exist, savvy energy investors must cease or postpone projects until risks become less threatening. Alaska Governor Bill Walker In such a caldron of multi dimensional issues, we see great political/emotional support for construction of an Alaska gas export project. However, the realities of world energy prices, high and unpredictable Alaska tax policy, a run-away spending history, and democrat leaders [...]

5-21-16 Alaska Gas Project: When Does One More Straw Break The Camel’s Back?

Tim Bradner, NGP Photo by Dave Harbour 5-13-11 Tim Bradner of the AJOC brings us another Alaska gas monetization reality: wetlands mitigation (Story below).  Higher but unknown additional mitigation/litigation costs cannot improve feasibility of AGDC's (https://www.agdc.us/) government investment in the Alaska LNG project (http://ak-lng.com/).  Nor can such open-ended future expenses make the state's socialist equity investment in Alaska LNG more beneficial to citizens. This is precisely the type of uncertainty that leads project proponents to add additional contingency requirements to Financing Plans: uncertainty requires hedging as greater assurance of "project completion" to satisfy [...]

5-12-16 How The Federal Government Stole Alaska’s Statehood Birthright

Even if the federal government were to restore the natural resource birthright it has stolen from the 49th State, Alaskans would STILL remain challenged.  For when its citizens enjoyed what seemed to be unlimited oil wealth 3-4 decades ago, it taxed more and spent more and more -- until it had developed an unsustainable lifestyle.  So, we do hope that great leadership can free Alaska of the federal overreaching jurisdiction and violations of due process described below.  But then, equally great leadership -- with disciplined citizen support -- must establish sustainable government services [...]

5-7-16 Old Canadian/US Softwood Issue Resurfaces

Old Softwood Issue Resurfaces: Could Affect Alaska; Will Affect Canada We continuously try to 'connect the dots' for our readers! by Dave Harbour We drew attention to the US/Canadian controversy over softwood lumber trade agreement issues years ago, as it affected an Alaska to Midwest gas pipeline (8/2001, 11/2001, 3/2002, 4/2002, 5/2002, 8/2002, 11/2002, 2015) The softwood  issue surfaces again as BC Premier Christy Clark interprets Presidential candidate Donald Trump’s remarks about NAFTA, poor trade deals and stopping illegal southern border immigration to softwood issues. Bear in mind [...]

Alaska & Canada Both Suffer From Political Obstacles To O&G Prosperity

Canadian Press — Canada’s environment minister won’t say if the country can meet its climate change commitments and at the same time green-light new pipeline projects. Catherine McKenna told reporters today after a luncheon speech to the Montreal Council on Foreign Relations that Canada needs to de-carbonize its economy but stressed it won’t happen overnight. The Canadian government has come under increased pressure to explain how it can increase development of Alberta’s oilsands and also meet its ambitious greenhouse gas emission targets. Quebec and Canada are reviewing TransCanada’s Energy East [...]

11-23-15 Can A “Business As Usual” Attitude Overcome Alaska’s Financial Crisis?

EIA: U.S. proved oil and natural gas reserves rise in 2014 Comment: Premier Notley, like President Obama is taking actions that can be touted at the upcoming Paris Climate Change Conference where the top UN climate change official has said the true goal of environmental activism is to "destroy capitalism".  -dh See today's Alaska Headlamp Today, in the United States Supreme Court, nine Alaska organizations filed an Amicus Brief .... Calgary Herald by Stephen Ewart.  Alberta Premier Rachel Notley effectively put the first limits on unchecked growth in the oilsands — through a 100 mega-tonne annual cap on greenhouse gases.... [...]

By | November 23rd, 2015|AGDC, Alaska Taxes, Commentary, Interstate Gas, Intrastate Gas, LNG|0 Comments

11-21-15 AGDC President Resigns

AGDC Accepts President’s Resignation; Approves TransCanada Acquisition State of Alaska Full 25% Equity Partner in Alaska LNG Export Project November 21, 2015 Anchorage, AK – At a special meeting held today, the Alaska Gasline Development Corporation (AGDC) board of director’s accepted the conveyance of TransCanada’s interests in the Alaska LNG export project and authorized a payment of $64.6 million to TransCanada for those interests. The board also accepted the resignation of AGDC President Dan Fauske (NGP Photo) who tendered his resignation prior to the start of this morning’s meeting. More On AGDC [...]

By | November 22nd, 2015|AGDC, Interstate Gas, Intrastate Gas, LNG|0 Comments

11-21-15 More AGDC Shake-ups!

FOR IMMEDIATE RELEASE   No.. 15-151 Contact: Katie Marquette, Press Secretary – (907) 269-7447 Aileen Cole, Deputy Press Secretary – (907) 269-7458 Governor Walker Appoints Former Fairbanks North Star Borough Mayor to AGDC Board November 20, 2015 ANCHORAGE – Governor Bill Walker announced his new appointments to the Alaska Gasline Development Corporation Board of Directors today. Luke Hopkins of Fairbanks will join the seven-member board, which oversees the agency’s efforts to build a natural gas pipeline and liquefaction plant in Alaska. Mr. Hopkins is the former mayor of the Fairbanks North Star Borough. He will [...]

By | November 21st, 2015|AGDC, Interstate Gas, Intrastate Gas, LNG|0 Comments

9-28-15 Supplement: Clarification of AGDC Mission

FOR IMMEDIATE RELEASE Contact: Miles Baker, VP External Affairs & Government Relations (907) 321-8650 AGDC Clarifies Status of ASAP Project Federal Environmental Work on In-State Gasline Project Ongoing September 28, 2015 Anchorage, AK – The Alaska Gasline Development Corporation (AGDC) released a statement today clarifying the status of the Alaska Stand Alone Pipeline (ASAP) project. In the last few days, several media outlets have incorrectly reported that the corporation’s board of directors took action to suspend work on the ASAP project during their September 23rd meeting in Anchorage. In a prepared statement, [...]

9-25-15 Alaska’s Governor Issues Bombshell Gasline Report

Gasline from Alaska Governor Bill Walker on Vimeo. YOU READ ALASKA GOVERNOR BILL WALKER'S ANNOUNCEMENTS HERE FIRST, YESTERDAY     BELOW IS TODAY'S UPDATE  (Scheduled for completion this weekend) Reader comments: Dave, Dave: "... appreciate your efforts greatly, as do a lot of folks." -From an energy industry journalist. Hi Dave:   Did you ever read the Bizarro World comics??     We are living such in real time I'm afraid.   Cheers!!   Ron Arvin  I always enjoy your newsletter, but your recent re: the NG issues one is special. [...]

By | September 25th, 2015|AGDC, Alaska Taxes, Commentary, LNG, You Read It Here First|1 Comment

4-19-15 Pipeline Right of Way Bill Passes

Governor Bill Walker today applauded the House and Senate for passing his Gas Pipeline Right-of-Way bill with unanimous support. Once signed into law, SB70 will authorize the issuance of a right-of-way lease for a natural gas pipeline through a corridor in the Denali State Park, Willow Creek, Nancy Lake, and Captain Cook State Recreation Areas. “I want to thank the legislature today for passing this important piece of legislation,” said Governor Walker. “This right-of-way is a necessary component to building a future natural gas pipeline in Alaska. By setting the [...]

By | April 22nd, 2015|AGDC|0 Comments

4-22-15 AGDC Lets Alaska Gas Pipeline Material and Weld Qualification Contract

KTUU News.  Disagreements over the state's operating budget continue to keep lawmakers in Juneau past the 90-day session.  Members of the Senate Finance Committee spoke out Tuesday for the first time since the session was extended Sunday night.                                                                                 "The cavalry of funding not coming over the hill to rescue us -- we don't have the money," said Senate Finance Co-Chairman Pete Kelly (Video File Photo).  More with video.... World Pipelines.  Exova, the global testing, calibration and advisory services provider, has been contracted by the Alaska Gasline Development Corporation (AGDC) to provide [...]

By | April 22nd, 2015|AGDC|0 Comments

4-1-15 Happy April Fools Day! Commentary: Are We The Fools?

See National Ocean Policy Council Alert Here! (Readers will understand the importance of this alert after reading today's commentary, below.  -dh) See Part 4, Alaska Economic Report Below Related Commentary: "The Sting" Last Friday, former Alaska Legislator Beth Kerttula, posted this NEW OCEAN POLICY announcement:  "Today, we are releasing the first Report on the Implementation of the National Ocean Policy, which highlights the progress we’ve made since we released an action plan last year. From supporting the ocean economy to ensuring the security of our ports and waterways, and from improving [...]

3-31-15 Legislative Leaders Focus On Gasline Details – Commentary, “Proud as Quixote”

Peninsula Clarion and This Webpage, By Reps. Mike Chenault (R) and Mike Hawker (L) We want to work with our new Governor to progress this great State forward, especially knowing Our Commentary: The two legislators above created the Alaska Gasline Development Corporation (AGDC) concept as an insurance policy for transporting Alaska North Slope (ANS) gas to citizens and to an export facility.  The current governor - who opposed the AGDC/ASAP gasline concept before he supported it .... more coming.... ...en route from South America to a stop in Mexico City, then two days in [...]

By | March 31st, 2015|AGDC, Interstate Gas, Intrastate Gas, LNG|0 Comments

3-29-15 NPC Says Develop Arctic Energy

Hearst Newspapers by Jennifer Dlouhy.   The United States should move swiftly to harness the tremendous oil and gas reserves locked under its Arctic waters while the industry improves the equipment used to drill wells and sop up spills, according to a government advisory committee report released Friday. The analysis, conducted by the National Petroleum Council at the request of Energy Secretary Ernest Moniz, makes the case for the United States to aggressively develop Arctic oil and gas that can help supply the country with energy long after production tails [...]

By | March 29th, 2015|AGDC, Arctic Policy, Interstate Gas, Intrastate Gas, LNG|0 Comments