NGW Magazine: Partners Back Away From Alaskan LNG

The three producers behind the bold plan to monetise Alaskan North Slope gas reserves want to reduce their roles in it, now that the state has waded in with a quarter stake.

ExxonMobil and its partners BP and ConocoPhillips no longer want to invest in the up-to-$65bn Alaska LNG project (AKLNG), with Exxon arguing the latter is “transitioning to a state-led project.” However, they say they will work with such a new structure and negotiate to sell it their gas.

Full article in Natural Gas World Magazine September 7 2016. Subscribe now!