Marketing efforts for the Alaska LNG Project have formally started, passing another major milestone. State Natural Resources Commissioner Joe Balash accompanied BP officials to Asia on the first formal sales trip for the giant project. “These were BP’s meetings. They set them up and handled the invitations, and we were invited to come along,” Balash said.
Step by step, the Alaska LNG Project is moving forward. The project made a big advance Sept. 5 with its application to the Federal Energy Regulatory Commission to begin a pre-filing process for the project.
The State of Alaska has asked a U.S. Alaska District Court to issue a summary judgment in its lawsuit against the U.S. Department of the Interior over the federal agency’s rejection of a state plan to explore a part of the Arctic National Wildlife Refuge. The action was filed Sept. 8 in Anchorage. Judge Sharon Gleason will decide the issue.
Alaska has an adequate power supply but an insufficient transmission system, which together could be strained by new Environmental Protection Agency requirements, according to Regulatory Commission of Alaska members.
These are uncertain times for Alaska. Public spending is a big part of our economy and the state government is running billion-dollar-plus deficits. If things continue as they are, we could be out of cash in six or seven years.