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NEWS BULLETIN

September 09, 2008 --- Vol. 14, No. 90September 2008

Spring meeting planned on Alaska-based value-added gas industry

The tri-borough mayors of Anchorage, Kenai Peninsula Borough and the Matanuska-Susitna Borough are sponsoring a conference on value-added gas industries in Alaska, Harold Heinze, chief executive officer of the Alaska Natural Gas Development Authority, told the Anchorage Chamber of Commerce yesterday. ANGDA is providing funding of $250,000 for the conference, while the Anchorage Economic Development Corp. is organizing the conference, Heinze said.

Heinze told Petroleum News that the conference is a follow up to a re-run of an ANDGA study into the viability of value added industries in Alaska, following the run up in oil prices over the past couple of years. The idea now is to invite managers from petrochemical companies to Alaska to generate interest in locating chemical production in Alaska using Alaska-produced natural gas, he said.

Bill Popp, president and CEO of AEDC, told Petroleum News today that the conference is tentatively scheduled for April 28 and 29 in Anchorage’s new Dena’ina convention center.

This will be a great opportunity to bring all the players from the global petrochemical industry to Alaska, Popp said.

“It is an important first step to find out if we have interest in first bidding on (gas) spur line capacity,” he said.

See full story in Sept. 14 issue of Petroleum News, available online to subscribers at noon, Sept. 12, at www.PetroleumNews.com

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