Alaska LNG took center stage during the World Gas Conference (WGC) in June, a triennial event that is the premier gathering of the international gas industry and draws attendees from around the globe. Over 12,000 delegates from more than 100 countries representing the entire gas value chain participated in this year’s event in Washington, D.C.
Throughout the conference, AGDC advanced commercial negotiations with potential LNG buyers – including many Letters of Intent (LOI), Memoranda of Understanding (MOU), and Joint Development Agreement (JDA) parties – and met with engineering, procurement, and construction contractors, technical specialists, and equipment providers.
The WGC featured multiple Alaska LNG presentations throughout the week. AGDC Senior Vice President Frank Richards provided a detailed overview to conference attendees on the technical, regulatory, and commercial innovations of Alaska LNG. AGDC Economic Advisor John Tichotsky presented the project’s ability to offer long-term price stability to LNG buyers – a key consideration for utilities that seek to mitigate price volatility for their customers.
Alaska’s U.S. Senator Lisa Murkowski delivered opening remarks during a conference panel discussion on “Access to Sustainable Energy in Developing Economies.” Alaska’s Senior Senator told the audience, “In Alaska we are working hard to get the Alaska LNG project going, which is designed to move more than 20 million metric tons (MTPA) of LNG per year. America’s massive supplies of clean-burning natural gas will help make global access to sustainable energy a reality.”
The theme of this year’s WGC, “Fueling the Future,” is particularly pertinent to Alaska LNG. The monetization of North America’s largest, stranded, proven natural gas resources through the development of the infrastructure necessary to bring the gas to market will fuel Alaska’s future for the next 100 years.
Presentations available here.