Port Authority Ricochets with Fresh Plans for LNG
The Valdez Star: "Port Authority Ricochets with Fresh Plans for LNG
By Lee Revis
Editor, Valdez Star
VALDEZ- Bill Walker, attorney for the Alaska Gasline Port Authority revealed that he has had at least two separate meetings with Governor Frank Murkowski regarding the Port Authority's new plans to bringing stranded natural gas from the North Slope of Alaska to markets in the lower 48 via a new pipeline that will run to Valdez and ship the gas south by way of especially outfitted LNG tankers.
'The problem of receiving the gas has gone away,' said Walker during a report to the Valdez City Council Monday night. Walker is also the City Attorney to Valdez. 'The biggest challenge is getting the gas,' he said, referring to the crude oil producers on the North Slope who have been recalcitrant to talk to the Port Authority about selling the over 30 trillion tons of natural gas reserves stranded under the crude oil wells in the Far North. 'The biggest challenge is getting the gas,' said Walker.
The Authority's latest plan involves The American Ship Group, the holding company for Totem Ocean Trailer Express, which is said to have submitted a Memorandum of Understanding to AGPA, which meets the targeted price requirements to ship the LNG at a competitive rate. The new plan also calls for the gas to be shipped from Valdez to an LNG receiving plant in British Columbia, Canada, which is a foreign port. By first shipping natural gas to Canada, the Jones Act, a federal law mandating that all ships that move cargo from one U.S. port to another must be U.S. manufactured, will not be an obstacle to shipping the gas out of Alaskan waters. While no details of the plan were available, a press release issued late Tuesday morning from the Port Authority states that the price offered to move gas from Valdez would be the same to what it would be using foreign built LNG ves"
By Lee Revis
Editor, Valdez Star
VALDEZ- Bill Walker, attorney for the Alaska Gasline Port Authority revealed that he has had at least two separate meetings with Governor Frank Murkowski regarding the Port Authority's new plans to bringing stranded natural gas from the North Slope of Alaska to markets in the lower 48 via a new pipeline that will run to Valdez and ship the gas south by way of especially outfitted LNG tankers.
'The problem of receiving the gas has gone away,' said Walker during a report to the Valdez City Council Monday night. Walker is also the City Attorney to Valdez. 'The biggest challenge is getting the gas,' he said, referring to the crude oil producers on the North Slope who have been recalcitrant to talk to the Port Authority about selling the over 30 trillion tons of natural gas reserves stranded under the crude oil wells in the Far North. 'The biggest challenge is getting the gas,' said Walker.
The Authority's latest plan involves The American Ship Group, the holding company for Totem Ocean Trailer Express, which is said to have submitted a Memorandum of Understanding to AGPA, which meets the targeted price requirements to ship the LNG at a competitive rate. The new plan also calls for the gas to be shipped from Valdez to an LNG receiving plant in British Columbia, Canada, which is a foreign port. By first shipping natural gas to Canada, the Jones Act, a federal law mandating that all ships that move cargo from one U.S. port to another must be U.S. manufactured, will not be an obstacle to shipping the gas out of Alaskan waters. While no details of the plan were available, a press release issued late Tuesday morning from the Port Authority states that the price offered to move gas from Valdez would be the same to what it would be using foreign built LNG ves"
posted by Newman at 9:50 AM
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