Nikiski Local Business
Local business in Nikiski, AK
Friday Aug 26 | via Petroleum News
A new cost estimate for the Alaska LNG Project puts the required capital investment at about $45 billion, which is in the lower range of a previous estimate of $45 billion to $65 billion, an ExxonMobil Corp. manager heading preliminary engineering for the project told an Alaska legislative committee Aug. 24. 'We've made a lot of progress in driving down costs,' but it isn't enough to make the project economic at current energy prices, Steve Butt, the project manager, told members of the House and Senate Resources committees in Anchorage. Comment?
Thursday Aug 25 | via Anchorage Daily News
Even as Alaskans were digesting a new report asserting that Alaska's liquefied natural gas project wouldn't be competitive with other projects in the world, one of Alaska's partners in the project dropped its own bomb : ExxonMobil said in an interview it's not planning to invest in its next big phase, preparing the final engineering and design plans. Meanwhile, ConocoPhillips and BP indicated that as things stand, they're also not likely to move into the detailed engineering phase of the project's complex facilities, such as an 800-mile pipeline and a plant in Nikiski to turn natural gas into a liquid for shipping. Comment?
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