AIDEA approves deal with gas utility for Interior Energy Project

The Interior Energy Project is finally on its way to Fairbanks.

After nearly five years of analysis, negotiations, debate and a wholesale route change, the Alaska Industrial Development and Export Authority on Dec. 7 transferred control of the project to the Interior Gas Utility.

The IGU is owned by the Fairbanks-North Star Borough and will take over the plan to expand natural gas use in the area.

Active state Slope sales net $21.2M, NPR-A quieter

Interest was again high among oil and gas lease bidders for state acreage on the North Slope in Wednesday lease sales but that was not the case for the federally controlled National Petroleum Reserve-Alaska.

Winning bidders spent $21.2 million for 216,000 acres of state land and water across 119 lease tracts. The vast majority of that, $19.9 million, was for 179,000 onshore acres and the remaining $1.2 million was for 37,000 acres of state-owned, near shore waters of the Beaufort Sea.

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