The Alaska Gasline Development Corp. said this morning that it has received authorization from the Federal Energy Regulatory Commission to construct and operate the Alaska LNG project. "Today's federal authorization is a key step in determining if Alaska LNG is competitive and economically beneficial for Alaska," Gov. Mike Dunleavy said. "The ongoing project economic review and discussion with potential partners will determine the next steps for this project," he said. AGDC President Frank Richards said: "FERC's authorization validates that the Alaska LNG Project can be safely built and operated, delivering numerous potential benefits with manageable environmental impacts." "Obtaining FERC approval significantly de-risks the project execution with defined environmental stipulations," he said. "Our momentum continues as we complete our assessment of the project's economics and competitiveness, and engage with potential project partners to determine the best path forward for the Alaska LNG project." - KRISTEN NELSON