Oil and gas drive the Alaska economy anchored by Alaska’s petroleum-rich North Slope which is home to four of the United States’ top 10 conventional producing oil fields including Prudhoe Bay, the largest conventional field in North America. The North Slope is also one of the largest natural gas resources in the world.
The North Slope contains approximately 35 trillion cubic feet of proven natural gas reserves, and a potential resource of another 200 trillion cubic feet of natural gas. Advancements in drilling technology will allow tapping of an additional 590 trillion cubic feet of shale, tight gas, and gas hydrates. These resources make the project viable for the long term.
Alaska will continue to be a world-class leader in supplying energy resources to the global economy for ages. This project will ensure that future and add more natural gas to our international hydrocarbon portfolio.
“ALASKA’S CLOSE PROXIMITY TO KEY MARKETS, PROVEN VAST GAS RESOURCES, AND SUPPORTIVE BUSINESS ENVIRONMENT, POSITION THE STATE TO BECOME THE PREFERRED SUPPLIER TO THE GLOBAL LIQUEFIED NATURAL GAS (LNG) MARKETS.”