Asia may be best market for Alaska gas, says Conoco CEO

[Newsjock]

http://www.adn.com/2012/01/05/2247863/meeting-with-oil-execs-productive.html

Shipping to Asia-Pacific markets may be the best way to commercialize the natural gas from Alaska's North Slope, the chief executive of Conoco Phillips said after meeting the state's governor on Thursday.

To do that, the company would like to build a pipeline from the North Slope to a liquefied natural gas plant in the middle part of the state to prepare the gas for export, Conoco Phillips CEO Jim Mulva told reporters in Anchorage.

... Mulva spoke after a closed reception with business and political leaders featuring him and the CEOs of the North Slope's other major players, Rex Tillerson of Exxon Mobil Corp. and Bob Dudley of BP.

... (Gov.) Parnell said in October that he wants the companies to unite behind a project that would allow for liquefied natural gas to be shipped overseas, if the market for gas has truly shifted from the Lower 48. Such a project would have to come about under the framework of the Alaska Gasline Inducement Act, which gave TransCanada Corp. an exclusive state license to build the pipeline and up to $500 million in reimbursable costs.

[cthulu2016]

1. No shit. Did they just buy a globe?

Of course Alaskan energy will tend to go to Asia.

Whenever someone says that drilling in Alaska makes the US more energy independent I ask them when they are planning to nationalize the energy companies because the marketplace ain't gonna take that energy to New Jersey.

[rfranklin]

2. +1 Exactly!

Drill baby drill!

[AdHocSolver]

3. K and R. The demand for energy is in Asia -- where most of the jobs went. nt

[Cali_Democrat]

4. Funny how that works. n/t

[Ikonoklast]

5. Does Jim have a daughter that was on Seinfeld?