Alaska in Talks with ConocoPhillips, Hilcorp on LNG Export Project
07.18.2022 By Ricardo Perez - NEWS

July 18, 2022 [Seeking Alpha] – The state of Alaska is in talks with ConocoPhillips (NYSE:COP) and Hilcorp Energy to secure natural gas for a project that would that would liquefy the fuel for export to Asia, Governor Dunleavy told Bloomberg on Wednesday.

 

While terms of the discussions were not disclosed, the project has a federal permit to make and export 20M metric tons/year of LNG.

Both companies are active drillers in Alaska, with ConocoPhillips (COP) producing 70.9B cubic feet of natural gas last year and Hilcorp nearly 3.4B cf.

The feedgas talks follow a June trade mission to Japan where Dunleavy and other Alaska officials met with JERA, Tokyo Gas, INPEX and other potential customers.

Global natural gas prices have surged following Russia’s invasion of Ukraine, raising the prospects of LNG exports to Asia along the Pacific Coast.

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