Alaska LNG Project Selects Lead Terminal Location

  Alaska LNG Project Selects Lead Terminal Location

Business Wire

ANCHORAGE, Alaska -- October 7, 2013

ExxonMobil, BP, ConocoPhillips and TransCanada have selected a site in the
Nikiski area on the Kenai Peninsula as the lead site for the proposed Alaska
LNG project’s natural gas liquefaction plant and terminal.

More than 20 locations were evaluated based on conditions related to the
environment, socioeconomics, cost, and other project and technical issues.

“This is a step forward for the Alaska LNG project and shows continued
progress toward building Alaska’s energy future,” said Steve Butt, senior
project manager. “The work that we have put into the site selection process
gives us confidence that the Nikiski site is the lead location for the LNG
plant and terminal. The Nikiski site also results in a pipeline route that
provides an access opportunity to North Slope natural gas by the major
population centers in Fairbanks, Mat-Su Valley, Anchorage and the Kenai

A number of engineering, technical, regulatory, fiscal, commercial and
permitting issues still need to be resolved as work on the potential $45-65+
billion project progresses. While Nikiski is the lead site, the project team
continues to consider other secondary locations. Pipeline routing definition
work also continues based on the project summer field work activities, which
will be extended south of Livengood.

The companies are continuing to refine the agreed project concept that
includes a gas treatment plant located on the North Slope, an 800-mile,
42-inch pipeline with up to eight compression stations and at least five
off-take points for in-state gas delivery, and a liquefaction plant and
terminal. The teams are currently preparing for more detailed engineering and
design work, consistent with previously released plan phases.

A competitive, predictable and durable oil and gas fiscal environment will be
required for a project of this unprecedented scale, complexity and cost to
compete in global energy markets. The companies remain committed to working
with the state to responsibly develop North Slope resources. A successful
project could provide a host of economic benefits to Alaskans including state
revenues, new job opportunities and access to decades of domestically-produced
natural gas for homes and businesses.



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