Alaska Gov. & Exxon Mobile Agree on Gas Field Development

The development of a natural gas field with 8 trillion cubic feet of gas at Point Thompson on the North Slope with Exxon Mobile building a pipeline to bring 70,000 barrels of liquids per day into the Trans-Alaska Pipeline System has been agreed upon by the state’s Governor and the Exxon-Mobile Corporation.The development of a natural gas field with 8 trillion cubic feet of gas at Point Thompson on the North Slope with Exxon Mobile building a pipeline to bring 70,000 barrels of liquids per day into the Trans-Alaska Pipeline System has been agreed upon by the state’s Governor and the Exxon-Mobile Corporation. That might be oil from the field. Exxon-Mobile also agreed to produce 10,000 barrels per day of natural gas condensates by winter 2015-16.

Exxon-Mobile will be able to export gas in ships to Asia however a pipeline to a possible LNG plant on Cook inlet or Prince William Sound may be of more benefit to the state as it to can use natural gas for energy needs in the rail-belt and Anchorage.

With an abundance of natural gas in the contiguous 48 states the possibility of reducing the U.S. trade deficit a little with sale of Alaska natural gas abroad as well as on the spot market globally is possible.

http://news.yahoo.com/alaska-oil-companies-pipeline-settlement-wsj-183032671.html

Exxon-Mobile will be able to export gas in ships to Asia however a pipeline to a possible LNG plant on Cook inlet or Prince William Sound may be of more benefit to the state as it to can use natural gas for energy needs in the rail-belt and Anchorage.

With an abundance of natural gas in the contiguous 48 states the possibility of reducing the U.S. trade deficit a little with sale of Alaska natural gas abroad as well as on the spot market globally is possible.