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Vol. 12, No. 52 Week of December 30, 2007
Providing coverage of Alaska and northern Canada's oil and gas industry

AGIA release will be in New Year

Alaska Gov. Sarah Palin said in a Dec. 21 statement that the completeness review of Alaska Gasline Inducement Act applications will not be finished until sometime after Jan. 1. The entities who applied under AGIA have all submitted additional data or clarifications requested by the state gas line team and the team is reviewing the responses, the governor said.

Applications for the state inducements to build a gas pipeline to take North Slope gas to market are the Alaska Gasline Port Authority, AEnergia LLC, TransCanada, Sinopec ZPEB and the Alaska Natural Gas Development Authority.

When the reviews are complete, letters will be issued to each applicant advising whether the applicant has met the statutory requirements for completeness. The evaluation phase will begin for those applications meeting the completeness test.

Following the entire completeness review all applications will be made public and the public-comment phase of the AGIA process will begin.

Public comments will be used by the commissioners of Revenue and Natural Resources in their determination of whether an application proposes a project that will sufficiently maximize the benefits to the people of the state and merits issuance of a license under AGIA.

If the commissioners find that a complete application meets that test, they will forward it to the Legislature for approval.

—Petroleum News



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