Saturday, May 12, 2018

Alaska state poised to sell natural gas to China

Alaska state poised to sell natural gas to China
The Alaska Gas Development Corp. (AGDC), a major energy developer in the US northwestern state of Alaska, is moving steadily toward a December deadline for agreements to sell liquefied natural gas (LNG) to Chinese buyers, an Alaska news outlet reported Friday.

Managers of the Alaska state gas company AGDC told a recent Board of Directors meeting that there are no major obstacles in getting the Alaska LNG project moving ahead, a report of the said.

AGDC CEO Keith Meyer told the board that the AGDC's agreement with British multinational oil and gas giant BP plc. (BP) on LNG sales signed last week is "a significant development."

"This is a binding precedent agreement, which means there is clarity on volume and price," the key components of a final gas sales agreement hoped to be concluded later this year, Meyer said.

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