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Providing coverage of Alaska and northern Canada's oil and gas industry
April 2008

Vol. 13, No. 15 Week of April 13, 2008

IOGCC hosts Alaska gas line panel

Canadians, Alaskans will talk about AGIA’s progress, Alberta energy minister to discuss conservation, carbon capture, and storage

Petroleum News

The Alaska natural gas pipeline will be featured in a panel at the Interstate Oil and Gas Compact Commission’s Midyear Issues Summit in Calgary, Alberta, on May 5. The summit runs from May 4 to May 6.

The 38-state commission, chaired by Alaska Gov. Sarah Palin, resolved in 2007 to support an Alaska gas pipeline project that will assure access to all current oil and gas developers and future oil and gas explorers at reasonable transportation costs.

Panelists from different sides of the issue will offer their perspectives on the progress of the Alaska Gasline Inducement Act.

Speakers will include the following individuals from Alaska and Canada:

• Bruce Anders, chief, Leasing, Permitting & PSIO Section, Alaska Division of Oil and Gas, “The Alaska Natural Gas Pipeline Project: History and Update on Alaska’s Progress;”

• Drue Pearce, federal coordinator, Alaska Natural Gas Transportation Projects, “Alaska Natural Gas Pipeline Project – the Federal Perspective:”

• Sue Kirby, assistant deputy minister, Energy Sector, Natural Resources Canada, “Alaska Natural Gas Pipeline Project – the Canadian Perspective;”

• Tony Palmer, vice president, Alaska Development, TransCanada Corp., “Overview of TransCanada’s AGIA Application: Expected Project Timeline, Benefits to Stakeholders and Project Economics.”

“Energy demands in North America, particularly the United States, continue to raise the value of Alaska’s enormous North Slope natural gas reserves,” said Anders, IOGCC panelist and Palin gas line project team member. “The introduction of Alaska’s substantial incremental supply will have an immediate and sustained impact on consumer energy costs and will directly reduce America’s dependence upon foreign energy sources.”

Devon VP to talk about output

As part of the general session agenda, Palin will talk about the status of her goals for IOGCC under her chairmanship, and Devon Canada Vice President Chris Seasons will give an overview of Canada oil and gas production.

In addition, Alberta Energy Minister Mel Knight will discuss Alberta’s efforts in conservation, energy efficiency and carbon capture and storage and new executive director Mike Smith will unveil ideas for the future of IOGCC during a summit reception May 4 at the Fairmont Banff Springs.

Registration for the three-day summit is open to the public. IOGCC said it will offer “a detailed look at other major issues affecting domestic oil and natural gas resources such as carbon capture and geologic storage, cross border issues, the NEPA process and net receipts sharing during its various committee sessions.”

Headquartered in Oklahoma City, Oklahoma, the IOGCC is a multi-state government agency whose mission is to promote the conservation and efficient recovery of the nation’s domestic oil and natural gas resources while protecting health, safety and the environment.

In 1935, six states took advantage of a constitutional right to “compact,” or agree to work together, to resolve common issues. Faced with unregulated petroleum overproduction and the resulting waste, the states endorsed and Congress ratified a compact to take control of the issues.

Today, the IOGCC’s membership consists of 30 member states, eight associate states and eight international affiliate country members.






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