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Alaska Sees Asia Driving Annual $20 Billion Via Pipeline

Bloomberg -- Alaska wants a $50 billion pipeline and export complex built to develop natural gas that’s stranded on its icy North Slope. The justification: Asia’s swelling appetite for the fuel.

Governor Sean Parnell gave Exxon Mobil Corp., BP and ConocoPhillips to the end of this month to provide plans to pipe the gas south and condense it into a liquid, known as LNG, for export. Their joint venture would compete with growing global supplies of LNG coming into markets within two decades from Australia, East Africa, the U.S. Gulf Coast and Canada.

Energy explorers and Alaska’s government are trying for the first time to market a resource that may generate as much as $20 billion in annual gas sales. Asian gas buyers as of July paid almost six times the futures price in the U.S., where it has been


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Submitted Sep 26, 2012 By: DellDude2
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Alaska Sees Asia Driving Annual $20 Billion Via Pipeline Back to Topics
REPLIES (newest first) Post a Reply
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madison8359
Champion Author Cleveland

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Message Posted: Sep 28, 2012 3:06:51 PM

Good.
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jcdakota
Champion Author Baltimore

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Message Posted: Sep 27, 2012 5:30:07 AM

So far Alaska's other pipeline has not had any problems. Good track record.And the money would be good.
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sydb7
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Message Posted: Sep 27, 2012 5:13:52 AM

ok
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nb52
Champion Author Grand Rapids

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Message Posted: Sep 27, 2012 4:30:18 AM

Sounds good for Alaskans.
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tidalwave3
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Message Posted: Sep 27, 2012 1:08:43 AM

Good Luck, really
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bearzz
Champion Author California

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Message Posted: Sep 26, 2012 11:45:04 PM

Great (not) . . . more exporting
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Ahking
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Message Posted: Sep 26, 2012 10:20:08 PM

sounds ok
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rahcat
Champion Author Grand Rapids

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Message Posted: Sep 26, 2012 10:16:44 PM

Don't export it.....keep it here.
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regout
Champion Author Quebec

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Message Posted: Sep 26, 2012 10:11:14 PM

Good.
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jrschl
Champion Author Louisville

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Message Posted: Sep 26, 2012 10:09:49 PM

I thought this was going to be a Palin article with the beginning of the headline.
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Ray_10589
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Message Posted: Sep 26, 2012 10:04:59 PM

good
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bston
Champion Author Oklahoma City

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Message Posted: Sep 26, 2012 10:03:40 PM

That'll be a big venture.
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suicyco16
All-Star Author Phoenix

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Message Posted: Sep 26, 2012 9:55:16 PM

ok
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must87searcher
Champion Author Maryland

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Message Posted: Sep 26, 2012 9:44:53 PM

Interesting idea. There is still some question about it.
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abcdMA
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Message Posted: Sep 26, 2012 9:43:17 PM

we should use it to be energy independent
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rx7racerca
Champion Author Calgary

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Message Posted: Sep 26, 2012 9:42:44 PM

DEG - did you read the article? The US market is practically awash in cheap natural gas right now. Alaska gas would never be worth the immense cost of a pipeline to ship to the lower 48 - so it's effectively stranded. On the other hand, a shorter pipeline to get the North Slope gas across the state, there to be liquified and tankered to Asia, where prices are much better, could be profitable. Otherwise, that gas will stay right where it has for decades, too isolated from profitable markets to be worth extracting.
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DutchTreatMI
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Message Posted: Sep 26, 2012 9:41:17 PM

It might make it easier to ship to Asia then to pipeline it down to the lower 48 states.
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boatmen
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Message Posted: Sep 26, 2012 9:41:12 PM

What about taxing the hell out of these company's that send US fuels overseas we need help here save our resources for use here not abroad
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jrsva
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Message Posted: Sep 26, 2012 9:41:07 PM

“What happens when a natural gas pipeline bursts?”

It’s pretty dramatic. Years ago when I lived in town, a NG distribution line under the street in front of my house ruptured during construction work. I think it was about a 4-inch pipe. It screamed like a banshee, shooting a visible geyser of gas 50 or 60 feet in the air. Fortunately it was shut off before it ignited. I cannot imagine what would have happened if that torch got lit; a holocaust for anything nearby, like my house.

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mrselfdestruct
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Message Posted: Sep 26, 2012 9:37:55 PM

Make them build it, and tax the f@&k out of it. Let them pass that cost on too.
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DEG
Champion Author Las Vegas

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Message Posted: Sep 26, 2012 9:37:05 PM

The US should be working on making itself energy independent instead of enriching the Chinese market.
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vtaylor75
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Message Posted: Sep 26, 2012 9:36:17 PM

I hope it works out
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PoohMcGoo
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Message Posted: Sep 26, 2012 9:35:28 PM

Here we go exporting our natural resources again.
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clermont40miles
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Message Posted: Sep 26, 2012 9:34:05 PM

Hate to see exports - especially to the Chinese. Make sure they pay a premium.
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CCLighthouse
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Message Posted: Sep 26, 2012 9:30:48 PM

Biz owners are visionaries.
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suzmar
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Message Posted: Sep 26, 2012 9:26:43 PM

Sounds like a good plan.
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200porter
Champion Author Toronto

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Message Posted: Sep 26, 2012 9:25:17 PM

Following Canada's lead in selling oil to Asia/China?
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fcdriver
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Message Posted: Sep 26, 2012 9:21:51 PM

take what we can get
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bonzoonfmb
Champion Author Florida

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Message Posted: Sep 26, 2012 9:18:17 PM

The companies should sell Asia and Australia the natural gas that they have in Alaska. U.S. retailers will be unwilling to create the infrastructure for distribution to the final consumers in most places domestically.
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mstearno
Champion Author Dayton

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Message Posted: Sep 26, 2012 9:18:10 PM

where's our pie?
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Sep 26, 2012 9:17:49 PM

OK.
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farn1958
All-Star Author Twin Cities

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Message Posted: Sep 26, 2012 9:14:10 PM

ok.
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hank1326
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Message Posted: Sep 26, 2012 9:13:47 PM

Interesting. Time will tell the truth.
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usnerd
Veteran Author Dayton

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Message Posted: Sep 26, 2012 9:13:15 PM

What happens when a natural gas pipeline bursts?
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abacus44
Champion Author Toms River

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Message Posted: Sep 26, 2012 9:12:59 PM

Let China start sending U.S. Dollars back this way!
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anascom
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Message Posted: Sep 26, 2012 9:04:09 PM

hopefully this will help lower prices!
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davenles
Champion Author Texas

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Message Posted: Sep 26, 2012 9:01:00 PM

Keep it here.
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wayoung56
Champion Author Alabama

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Message Posted: Sep 26, 2012 9:00:54 PM

Interesting article...
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danreino
Champion Author Twin Cities

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Message Posted: Sep 26, 2012 8:58:08 PM

World Market my arse.....Is a quality Ribeye steak cheaper in Missouri or Libya ?
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tarheelcoastie
Champion Author Greensboro

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Message Posted: Sep 26, 2012 8:56:59 PM

it says it all!
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lucky69
Champion Author Austin

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Message Posted: Sep 26, 2012 8:55:14 PM

that is alot of cash we will never see
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brutherruther
Veteran Author Fort Worth

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Message Posted: Sep 26, 2012 8:54:42 PM

Ok
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q2
Champion Author Alberta

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Message Posted: Sep 26, 2012 8:46:54 PM

Ok
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Aserdaten
Champion Author Florida

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Message Posted: Sep 26, 2012 8:46:42 PM

Why not let it happen? This country would get back into the export business in a big way - especially to China where this would help to even the scales currently favoring China in a big way.
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dinomen
Champion Author Arkansas

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Message Posted: Sep 26, 2012 8:44:04 PM

Ok.
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NoGas714
All-Star Author Indiana

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Message Posted: Sep 26, 2012 8:42:00 PM

Might this be a way for us to import something to China instead of it being so one sided in their favor.
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papakoca
All-Star Author Texas

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Message Posted: Sep 26, 2012 8:40:10 PM

Martinman has a great overview of the situation. Good analysis, and you don't even use a crystal ball.
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30mpg80
Champion Author Lexington

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Message Posted: Sep 26, 2012 8:40:03 PM

Does that headline mean an Asian person is driving inside a pipeline? That sounds unwise.
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AKmailman
Champion Author Alaska

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Message Posted: Sep 26, 2012 8:38:36 PM

bringing the natural gas from the north slope to market
was first introduced over 30 years ago - we're still
waiting - politics as usual
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dollarwatcher
Champion Author Wisconsin

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Message Posted: Sep 26, 2012 8:37:57 PM

Talk about a floating bomb waiting to go KA BOOOM.
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