North Slope producers cooperating as state seeks larger interest in AK LNG

    JUNEAU, Alaska (KINY) - The Major North Slope producers are reportedly cooperating with the state on plans to possibly hand over control of the Alaska LNG pipeline project.

    The Major North Slope producers are reportedly cooperating with the state on plans to possibly hand over control of the Alaska LNG pipeline project.

    At a meeting of the Alaska Gasline Development Corporation Board on Thursday, Executive Director Keith Meyer discussed progress on the state taking a larger ownership interest.

    Meyer says a transition agreement could be signed in October, giving the state full control by the end of the year.

    The Alaska Dispatch reports that South Anchorage Senator Cathy Giessel asked the board why the state would expand its 25-percent interest if the project is not profitable enough for oil companies to stay involved.

    The board also approved opening a state office in Houston, Texas, that would be smaller than the current joint AK-LNG office there.

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