ADN. Gov. Sean Parnell on Friday introduced legislation to move ahead on his proposal to make the state a financial partner with Alaska's oil producers and pipeline company TransCanada in a liquefied natural gas project.
The state already has signed commercial agreements with the industry players, and Senate Bill 138 aims to put that framework into law.
The 49-page measure calls for a new subsidiary of the public Alaska Gasline Development Corporation to own shares in an LNG plant and marine terminal proposed for Nikiski where the liquefied gas would be shipped out on tankers to Asia. But the state may not end up owning a piece of the pipeline itself.