[{"_1":2,"_112":-5,"_113":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6363919,"mediaKeyId","2165519-ded8eb4bea7adefeea514e1a5a5ce321","parentId",2165519,"title","AGDC says private partner has signed exclusive framework agreement to advance Alaska LNG project","audioSeconds",435,"startMs",2488000,"endMs",2923000,"viewUrl","/Search/View?dp=1&key=2165519-ded8eb4bea7adefeea514e1a5a5ce321&start=2488&end=2923","thumbnailUrl","https://assets.pipeline.soar.com/2165519-ded8eb4bea7adefeea514e1a5a5ce321/thumbnail_2488000.jpg","articleUrl","/articles/6363919/Alaska/AGDC-says-private-partner-has-signed-exclusive-framework-agreement-to-advance-Alaska-LNG-project","mediaUrl","https://secure.pipeline.soar.com/6363919-bd659967d7c709853f6884956e9327c8/orig.mp4?Expires=1771031421&Signature=l5rD~hYDdGr0BnrTz093LOX9RP7e9Gu7w2D9hJ616OKJT3cslLHd0YocuKkEqoPj3tbcUbI0hgOJKKow7AT8JYJzNAxvB6NlqpCH0F-o1aSTH6wK4uz4-0Xi70n69SUibdtCRpJdzzkc0I6bbiB6JC2WEyIW7zLxYIuliTFSwMiXOuR2yUsNGFeoO3hin4bfIpOceAnEjKI9OlZwS4iJexNeSt27fU41fAKfle8-6TWcsbG1w87xYDtDWc1GVwceGzZMjSR38yTVnsT4BBSdo7uJBHRtDcPxGRbNvcIg6NMx~U3tu1EG3Y3P4Wtssm9TjntbvcNfG6x6FjhH-g9BfQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Alaska State Legislature","date","2025-01-06T00:00:00Z","article","ANCHORAGE — The Alaska Gasline Development Corporation announced it has reached an exclusive framework agreement with a private energy company to privately lead and fund the Alaska LNG project, including the proposed North Slope carbon‑capture plan, a liquefaction export facility in Nikiski and the pipeline to deliver North Slope gas to Alaskans, AGDC officials said at a statewide energy press conference.

\"I'm announcing that AGDC has reached an exclusive framework agreement with a qualified energy company to privately lead and fund the development of the Alaska LNG project,\" said Frank Richards, speaking for AGDC. He said the next step is negotiating legally binding development agreements and then starting front‑end engineering and design (FEED).

The agreement, Richards said, would move the project from long‑standing planning into a privately led development phase. \"The next step is for both parties to create legally binding development agreements that will move the project forward,\" he said. Richards reiterated that work is proceeding under standard nondisclosure agreements and that AGDC will make a formal joint public announcement when definitive agreements are finalized.

Why it matters: AGDC and the governor framed the project as a multi‑decade, export‑oriented program that could also serve domestic Alaskan needs. Richards told reporters that after extensive planning and permitting — including federal authorizations completed in 2020 and a Department of Energy authorization in 2022 — the project now has private development interest that AGDC says could support a privately led $44 billion buildout if it proceeds to a final investment decision.

Details and timeline: AGDC said FEED would provide the information needed for a final investment decision and that the company stepping forward brings substantial U.S. and international LNG experience. Richards said the legislature had previously authorized AGDC to work with confidential commercial documents and that he expected a formal announcement of definitive agreements within the next few months. He credited a $50 million ADA board backstop and a $50 million line of credit as important financial pieces that helped secure the framework agreement.

Governor's comments: The governor said the gas‑line project has been discussed for decades but that recent global market shocks and in‑state developments have made the project more tangible. \"I believe it's closer to reality than ever,\" he said, citing interest from potential Asian buyers, Wall Street and private investors.

Limits and caveats: AGDC and the governor emphasized that negotiations are governed by nondisclosure agreements and that details about the private partner will be disclosed only after definitive agreements are complete. AGDC said FEED is the next major work effort and that a final investment decision would follow only after the FEED stage.

What's next: AGDC and the governor said they expect to finalize development agreements in the coming months, move into FEED and then proceed through the stage‑gated development process toward a potential final investment decision. AGDC attributed earlier federal authorizations and recent commercial interest, including discoveries by independent developers, as factors that have increased off‑taker and investor engagement.

Ending: AGDC, the governor and other state energy officials said they will provide additional public updates after definitive agreements are signed and that they expect further announcements in the months ahead.","mediaType","Video","parentTitle","Governor Dunleavy Press Availability","oneSentenceSummary","The Alaska Gasline Development Corporation announced it has reached an exclusive framework agreement with a private energy company to privately lead and fund the Alaska LNG project, including an Arctic carbon‑capture plan, a liquefaction export facility in Nikiski and the pipeline to deliver North Slope gas to Alaskans.","taxTitle","Gubernatorial, Alaska","taxId",3295,"location","Alaska","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6363905,"ADA, DNR and private developers outline short‑ and mid‑term financing for inlet wells and early coal‑gas work; governor to seek investors overseas",1786,1827000,3613000,"/Search/View?dp=1&key=2165519-ded8eb4bea7adefeea514e1a5a5ce321&start=1827&end=3613","https://assets.pipeline.soar.com/2165519-ded8eb4bea7adefeea514e1a5a5ce321/thumbnail_1827000.jpg","/articles/6363905/Alaska/ADA-DNR-and-private-developers-outline-short-and-midterm-financing-for-inlet-wells-and-early-coalgas-work-governor-to-seek-investors-overseas","https://secure.pipeline.soar.com/6363905-c01e648260164dc914272fc82dbe9e0e/orig.mp4?Expires=1771031421&Signature=jHjSQk7mKQ3vJG-UZHCsVN2OrqOZkec~VR~NfwMIH4OSf1BX~k5EkMQmVtR8T30S0nq2iTVAB8t2T9puVxamymTrUfg0iHzWAvdJzBzMFDIqrVGdaLOmfShmarJhp7jHRT53ZrqCIbTTGy1HIXeMfuPIOOs-6qrtss-H~duA8WFgf6jkvpS2o0CjR8kRNYi4owkUkOetlhMr17OdfLj1wJpGp9~Mj0gzb7vzPgEMOjGQPUtqwdF26iE8oqHXPhhlPrInDX2uIzZjToGzJzWXdzvJVPAXCTYEwsRLLnrsQk4mnGPIQP1gaXE5cIz7~i0HpgAnBZQynK7IiNovfT7tSQ__&Key-Pair-Id=KUT5TJCACFTXG","ANCHORAGE — The Alaska Industrial Development and Export Authority (ADA) and state officials described short‑term financing for Cook Inlet producers and early‑stage work on coal‑sourced gas in the Susitna Valley, and the governor said he will travel to a global investor conference to seek additional capital.

Randy Roraro, ADA's executive director, said ADA passed a resolution to finance HexFury's development and wells and that royalty relief forms a key part of that financing package. \"Royalty relief is a key part of that financing package,\" Roraro said, thanking DNR and noting the importance of incentivizing every gas molecule that can be added to the system.

Roraro also said ADA is tracking two coal projects, including an effort to retrieve gas from coal seams in the Susitna Valley. He described that coal effort as mid‑ to long‑term and said scientific, geologic and financial due diligence would be required before any financing commitment.

The governor said he will travel to the Dubai sustainable energy conference with a delegation from state energy agencies to meet prospective investors and promote Alaska as an investment destination. \"Our goal in our discussions with investors is to get them to see otherwise,\" the governor said, referring to investor perceptions that Alaska was closed to development. He said representatives attending will include personnel from AGDC, DNR and AEA.

Why it matters: ADA's financing resolution for HexFury and the use of royalty relief reflect a short‑term, finance‑driven approach to increase Cook Inlet production. ADA's interest in coal technology and federal financing authorities speaks to a broader search for in‑state supplies and financing tools that could help underwrite energy projects.

Limits and caveats: ADA characterized the coal projects as early stage; no grant or loan commitments were presented beyond ADA's HexFury financing resolution and the mention of royalty relief. ADA said it is in early due diligence on forms of assistance and that no specific financing instrument was yet chosen for coal efforts.

Ending: ADA and state officials said they will continue working with project proponents, the legislature and federal partners while pursuing investor outreach abroad; they said more details on financing instruments and project partners will be made public as due diligence and negotiations proceed.","The Alaska Industrial Development and Export Authority said it passed a resolution to finance HexFury drilling and that royalty relief is a key part of several near‑term financing packages; ADA also flagged early‑stage coal‑to‑gas work in the Susitna Valley and said it will pursue federal financing authorities for renewable and transmission work",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6363910,"Alaska Energy Authority highlights Dixon Diversion, HVDC Cook Inlet cable, Sterling upgrade and battery funding",700,722000,1422000,"/Search/View?dp=1&key=2165519-ded8eb4bea7adefeea514e1a5a5ce321&start=722&end=1422","https://assets.pipeline.soar.com/2165519-ded8eb4bea7adefeea514e1a5a5ce321/thumbnail_722000.jpg","/articles/6363910/Alaska/Alaska-Energy-Authority-highlights-Dixon-Diversion-HVDC-Cook-Inlet-cable-Sterling-upgrade-and-battery-funding","https://secure.pipeline.soar.com/6363910-fc5df29b94efd55598179c46c7cdc648/orig.mp4?Expires=1771031421&Signature=CC85WQ5k5r5kebE6bQ2oWxWesaU22NHW5iGHrWetINO5y~BXUYW9cDDJvG~i5jsDYhfzHPHXGEbgEQ2tfEJKKJZzD3berto0i9zq5D4zeSa7hxBC3jFOCQQ-Mu0JDr0twM0Pyav~bi4pTzHNvjNxDIEJMpkj3QdBkgUK5PJiShQ5tDYc4FKe6rlFp6j0xhzjZbmZUtv0qCIDEQV4R7iErdyhOL7U73PGkLr1AKXYi8OxNhigUuWdPOk-PTfAPTXQtbTr0IPBOEGkp80ZyJSWW3q6DgjqG3pggTe5FfeckRnj5sceJ3HUmCwM6uja6ZuyWmPIUKPtZEB0mPn8F1xcvw__&Key-Pair-Id=KUT5TJCACFTXG","ANCHORAGE — The Alaska Energy Authority (AEA) provided an update on a portfolio of transmission, hydro and resilience projects it says will lower costs, create jobs and improve reliability across the rail belt and in rural communities.

\"In the last 5 years, AEA has secured nearly a billion dollars in federal, state, and in revenue bond,\" said Curtis, speaking on behalf of AEA. He said the authority is managing more than 200 active projects, has deployed circuit riders to assist rural communities and has invested in bulk fuel facilities and powerhouse upgrades across the state.

Curtis described three major rail‑belt projects AEA is advancing: the Dixon Diversion to expand Bradley Lake hydro output, the Sterling‑Sadatna/Quartz Creek substation and transmission upgrade along a constrained 40‑mile corridor, and a high‑voltage direct‑current (HVDC) submarine cable across Cook Inlet.

Curtis said the Dixon Diversion is a roughly $342 million initiative that would redirect water from the Dixon Glacier to Bradley Lake, raise the dam about 14 feet, increase Bradley Lake's output by approximately 50 percent (which AEA described as equivalent to powering roughly 30,000 homes) and reduce annual natural gas demand by an amount AEA tied to its modeling of future rail‑belt needs. AEA said it expects to file with the Federal Energy Regulatory Commission for the Dixon project about a year from now and to be in construction thereafter with water flowing by 2030.

On transmission, Curtis said the Sterling‑Sadatna upgrade is a roughly $90 million, 40‑mile line that AEA started constructing the prior fall and that the State's work on an HVDC cable — which Curtis described as 38 miles and intended to increase power transfer reliability between the Kenai Peninsula and Anchorage — is under construction with federal grant funding. He said the HVDC grant was a competitive award and described the jobs and economic output expected from the work.

Curtis also said AEA's board approved $28 million to support rail‑belt utilities advancing battery energy storage systems and noted AEA's role in programs such as the Renewable Energy Fund and the Power Cost Equalization program that serves rural Alaska.

Why it matters: AEA framed the projects as part of a coordinated program to reduce costs, improve transfer capacity on the rail belt and provide backup and resiliency while state officials pursue longer‑term supply options.

Limits and schedule: Curtis gave construction timelines and job‑creation estimates and said the HVDC line has a congressional mandate goal of completion by 2032. He also said the Sterling upgrade is expected to be completed by 2028 and that Dixon construction and water flow are targeted for completion around 2030.

Ending: AEA said it will continue to operate multiple projects statewide and provide further schedules and status updates as permitting and construction progress.","The Alaska Energy Authority said it has secured nearly $1 billion for energy projects, described the Dixon Diversion hydro expansion, an HVDC submarine cable across Cook Inlet, a Sterling‑Sadatna transmission upgrade and board approval of $28 million to advance battery storage for rail‑belt utilities",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6363913,"State officials and utilities outline short‑term Cook Inlet measures and utility plans for backup gas",1386,380000,1766000,"/Search/View?dp=1&key=2165519-ded8eb4bea7adefeea514e1a5a5ce321&start=380&end=1766","https://assets.pipeline.soar.com/2165519-ded8eb4bea7adefeea514e1a5a5ce321/thumbnail_380000.jpg","/articles/6363913/Alaska/State-officials-and-utilities-outline-shortterm-Cook-Inlet-measures-and-utility-plans-for-backup-gas","https://secure.pipeline.soar.com/6363913-267d5f042365113db034e42684b34472/orig.mp4?Expires=1771031421&Signature=c2SOyv~mRgTfha~tAEU7NfVwf2Uuz68xdSzDd6yYDrwGLv5sEA~nbdMlMSPFyeOY2dVQqNiUJGxV~nWYHwtyaGNFwf14RscBEPsYKp5KM6G7s7-czGUZz5-YOgWPj~wppIVNoLwdbRdC8~vtxsbuV9FG62KWYavm0g01YPTnmBc~-RR2zcoto9y1OV~FvXO58vO0coZSto0MHoqL75vM3ijHalJDdkFCwF-xy-VpiWNKuxt7WxvLiEc5oeJnGCqgfBBHydb9ZJOgfQZw5jBButWaAhO1NHWNuxUFGQq866ADhygn11H5JKyXTXSk~avGzSzLwiZ7e-Y~9QBPgLE6tA__&Key-Pair-Id=KUT5TJCACFTXG","ANCHORAGE — State Department of Natural Resources officials and electric and gas utilities described a multi‑pronged short‑term effort to keep natural‑gas supplies flowing to the rail belt and to shore up utility systems while longer‑term projects advance.

\"We have incorporated more novel approaches on how we have conducted our lease sales,\" said Commissioner Boyle of the Department of Natural Resources, explaining administrative steps to incentivize Cook Inlet production. Boyle said one recent administrative action included granting royalty relief on a public application, and that action contributed to a well drilled last year by HexFury whose gas will enter the system.

John Sims, representing NSTAR, said utilities have invested to expand storage and are pursuing contracts to secure gas supply. \"We have spent $67,000,000 to expand this ... storage facility down in Kenai,\" Sims said, adding the project added two new wells and increased capacity by about 2 billion cubic feet and is expected to finish in the coming months. Sims also said NSTAR submitted a five‑year contract to the Regulatory Commission of Alaska to bring new gas from HexFury starting in 2026, and that the price under that contract will likely be higher than historic levels — \"between 12 and $13\" (per MMBtu, as described in the conference) compared with a prior roughly $9 range.

Sims and the utilities said they are also evaluating bridge options until longer‑term supply solutions take effect. \"The second was finding some sort of in‑state solution... The third was really importing LNG,\" Sims said, and he said utilities had engaged a project developer to evaluate an imported LNG bridge project while maintaining flexibility to use Alaska resources.

Why it matters: State officials and utilities told reporters the rail belt faces a short‑to‑midterm supply crunch as legacy Cook Inlet contracts expire and some producers have scaled back. Utilities and the state are pursuing a mix of incentives and infrastructure (storage, wells) to keep supply adequate in the near term while also evaluating imported LNG as a contingency.

Details and caveats: Commissioner Boyle described DNR's switch to net‑profit sharing lease terms and more proactive handling of royalty relief requests. He said the administration \"took a more proactive approach in working with companies\" and noted that signals from federal and independent resource estimates suggest remaining resource potential in Cook Inlet and federal waters.

Sims emphasized cost and timing tradeoffs: a newly contracted supply from HexFury would start in 2026 and likely cost more than prior purchases; storage expansion work is nearly complete; and imported LNG remains under evaluation as a potential bridge.

Ending: State and utility officials said they will continue to press for more Cook Inlet production while keeping open contingency plans, including imported LNG, to ensure the rail belt has gas for heating and electric generation in the coming years.","State natural‑resource officials and utilities described steps to increase Cook Inlet production and short‑term supplies, including royalty relief, a Kenai storage expansion, and utility plans to evaluate imported LNG as a bridge solution while longer‑term options are pursued","actionData","errors"]

Article not found

AGDC says private partner has signed exclusive framework agreement to advance Alaska LNG project

ADA, DNR and private developers outline short‑ and mid‑term financing for inlet wells and early coal‑gas work; governor to seek investors overseas

Alaska Energy Authority highlights Dixon Diversion, HVDC Cook Inlet cable, Sterling upgrade and battery funding

State officials and utilities outline short‑term Cook Inlet measures and utility plans for backup gas