2 May 2024
AGDC and ConocoPhillips eyeing JV to market Alaskan LNG
Publication date: 23 September 2016
Gas Strategies Group
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ConocoPhillips and state-backed Alaska Gasline Development Corporation (AGDC) have signed a memorandum of understanding to negotiate the formation of a joint-venture company to market volumes from the proposed 20 mtpa Alaska LNG liquefaction project.
The JV aims to bring LNG buyers and North Slope wellhead sellers together, AGDC said, adding that the non-binding deal moves the USD 45 billion project a step closer to a decision on front-end engineering design (FEED).