SWAMC
March 5, 2014
Anchorage, Alaska
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 Board Members:
 Chairman, Dave Cobb – City of Valdez
 Vice-Chairman, Bert Cottle– City of Valdez
 Secretary, Steve Haagenson – Fairbanks North Star Borough
 Treasurer, Merrick Peirce – Fairbanks North Star Borough
 Board Member, Dave Dengel – City of Valdez
 Board Member, Jim Whitaker – Fairbanks North Star Borough
 Project Manager / General Counsel, Bill Walker – Walker Richards,
LLC
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LNG from Alaska
is the
Closest North American LNG
to Asian Markets
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Are Asian Markets Interested in
Alaska’s LNG?
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Letters of Intent for Asian Market
signed with AGPA
EAST-WEST POWER CO. LTD. (KOREA)
GS ENERGY (KOREA)
POSCO (KOREA)
KOGAS (KOREA)
PTT INTERNATIONAL (THAILAND)
PGN LNG (INDONESIA)
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 POSCO is one of the world’s largest steel plants.
 POSCO power is the largest private power plant in Korea.
“POSCO is ready to discuss with AGPA to define
the terms and conditions for our participation
in the Valdez LNG Project.”
June 2012
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 Since founding in 1983, it has grown to become the world’s largest LNG importer.
 KOGAS is committed to providing clean, safe and convenient energy to the people of
Korea.
 KOGAS currently operates three LNG terminals and a nationwide pipeline network
spanning 3,022 km in order to ensure stable supply for the nation.
 KOGAS imports LNG from around the world and supplies it to power generation plants,
gas-utility companies and city gas companies.
 KOGAS received the sovereign credit rating of A1 and A, the highest credit rating ever
given to a Korean company by the Moody’s and S&P.
“I look forward to a joint journey together with AGPA for
the success of the project.”
June 2012
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AGPA’s Aggregated Volume for
ExxonMobil’s Non-Binding Solicitation
of Interest
KOGAS (Korea)
POSCO (Korea)
GS Energy (Korea)
PTT International (Thailand)
PGN LNG (Indonesia)
East-West Power Co. Ltd. (Korea)
Total Export:
In-state:
2.8 bcf/d
.250 mcf
Total
3.05 bcf/d
(Not all of the above companies have designated off-take volumes)
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Japan Firms Open Alaska Office to Pursue LNG
Anchorage Daily News, October 24, 2012
“…the group sent a letter to TransCanada indicating
an interest in shipping 2.7 billion cubic feet a day
through a potential large-diameter pipeline from the
North Slope to south Alaska during the pipeline
company’s recent non-binding Solicitation of Interest
to shippers.”(Emphasis added)
“Members of the Japanese consortium include Japan Petroleum Exploration
Co. Ltd.; Idemitsu Kosan Co.; JX Nippon Oil and Energy Corp.; Mitsubishi Gas
Chemical Co. and Nippon Telephone and Telegraph.”
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Total Nomination for LNG Per AGIA
Solicitation of Interest, September 14, 2012
Asia market nominations
In-state demand
5.50 bcf/d
.25 bcf/d
5.75 bcf/d
Maximum Volume Capacity 48” line (max. compression) 5.9 bcf/d
Wood Mackenzie economic calculations of $ to Alaska based on 2.7
bcf/d project
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Alaska’s Competition for Asian Markets
ExxonMobil
 Qatar – North Field
 Papua New Guinea
 Australia
 Golden Pass (U.S. Gulf Coast)
ConocoPhillips
 Qatar
 Australia and Timor-Leste
BP
 Trinidad (Atlantic LNG)
 North West Shelf (Australia)
 ADGAS (Abu Dhabi)
 Tangguh (Indonesia)
 Bontang (Indonesia)
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Potential Benefits to Alaskans
from a State-Owned Gasline/LNG Project
by
PDC Harris Group LLC
Energy Cost Savings: Bethel and Fairbanks
 Bethel energy cost savings of up to 65%
 Equates to potentially $886 million in fuel savings
cost for Bethel residents (over 30 years)
 Fairbanks energy cost savings up to 80%
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Benefits to All Alaskans from Large Volume
Gasline to Tidewater with LNG Export
1. Low Cost / Clean Burning Energy to
Alaskans.
2. Revenues to Alaska equivalent to 10 PFDs.
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Thank you
731 N Street
Anchorage, Alaska 99501
www.allalaskagasline.com
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