The Alaska Gasline Development Corp., a state-owned entity, announced it has entered into exclusive negotiations with an undisclosed energy company to lead and finance the development of a trans-Alaska natural gas pipeline. The project, estimated to cost at least $44 billion, has been a long-standing goal with significant cost as a major obstacle. The agreement includes plans for an export facility, indicating the project is for the larger, previously discussed pipeline.
Frank Richards, president of the Alaska Gasline Development Corp., speaks at a Jan. 6, 2025, news conference held in Anchorage by Gov. Mike Dunleavy. Dunleavy is standing behind him.
Frank Richards, head of the Alaska Gasline Development Corp., declined on Monday to share any details of the potential agreement, including the name of the state’s partner. Dunleavy said the pipeline is a long-term solution for a looming energy crunch in Southcentral Alaska, and that the region will face a “bumpy” few years in the meantime.Though the region has extensive natural gas deposits, development has been slow, and local utilities are considering plans to import gas, an act that would sharply increase heating and electricity prices for Alaskans in the region.
NATURALGAS PIPELINE ALASKA ENERGY DEVELOPMENT
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