The Alaska Gasline Development Corporation (AGDC) history dates back to 2009 when declining Cook Inlet gas supplies were facing energy brown outs and crippling interior energy costs in communities across Alaska. In 2010, the Alaska Legislature passed House Bill 369 creating AGDC.
Major milestones in the corporation’s history include:
- May 2013 – The enactment of House Bill 4 where AGDC received the power, authority and multi-year funding necessary to advance the Alaska Stand Alone Pipeline (ASAP) project through open season and sanctioning. House Bill 4 also established AGDC as an independent, public corporation of the State of Alaska. Today, AGDC continues to have a legal existence separate and distinct from the State and is structured within the Department of Commerce, Community, and Economic Development, for administrative purposes.
- April 2014 – The passage of Senate Bill 138, expanded AGDC’s mission and authority to include having primary responsibility for developing an Alaska liquefied natural gas (LNG) project on the State’s behalf. This legislation also directs AGDC to assist the Department of Revenue and the Department of Natural Resources in maximizing the value of the state’s gas. At that time, the Legislature appropriated $69.8 million to fund the State’s equity participation in the Alaska LNG project.
AGDC’s vision is to maximize the benefit of Alaska’s vast North Slope natural gas resource through the development of infrastructure necessary to move the gas into local and international markets and its mission is – Alaska Moving Forward: Delivering Natural Gas to the World.