a high-quality hydrocarbon similar to diesel.
The Point Thomson gas represents about 25
percent of known gas resources on the North
Slope. In order to move gas to Prudhoe Bay,
Exxon Mobil will have to build a nearly sixty-three-mile, thirty-two-inch diameter pipeline between the two fields, according to the
“It’s clear that ExxonMobil is committed
to commercializing North Slope gas, particularly from Point Thomson. This helps align
the company’s work in Alaska with the State
of Alaska and [Alaska Gasline Development
Corporation],” said Natural Resources Commissioner Andy Mack in a press release announcing the expansion approval.
Moving Alaska LNG Forward
Because Point Thomson is primarily a natural gas field and is home to about one-fourth
of the gas that would feed Alaska’s $43 billion LNG (liquid natural gas) export project,
it is expected to help move the LNG project
“The Alaska LNG Project has been endorsed by the Trump Administration and the
Chinese government. Interest in this project
has grown immensely… due to the historic
Joint Development Agreement between the
State of Alaska, Sinopec, the Bank of China,
and the Chinese Investment Corp.,” said
In November, China’s largest oil company,
Sinopec, signed on with China Investment
Corporation, the Bank of China, the Alaska
Gasline Development Corporation, and
the Alaska government to explore development of a the giant natural gas pipeline and
LNG export terminal. The pipeline would
carry natural gas from the North Slope to
the state’s southern coast, where it would be
liquefied and exported.
Walker and other stakeholders say the
LNG pipeline could bring some $2 billion in
annual revenue to Alaska, as well 10,000 to
12,000 jobs during construction.
ExxonMobil was previously involved in
the Alaska LNG project, but after estimating in 2012 that it would cost as much as
$65 billion and take more than a decade to
construct, the company backed off the deal,
focusing instead on Point Thomson.
“Point Thomson marks a new era both for
ExxonMobil in Alaska and the North Slope.
The investments made will open the eastern
North Slope to new development and lead to
increased production into the Trans Alaska
With our Alaskan partners, the ongoing
work and investments in Point Thomson
are also laying the foundation for future gas
development. Alaska has the opportunity to
become a global natural gas leader. We are
excited to be contributing to the next chapter in Alaska’s energy legacy,” the company
TO THRIVE HERE YOU
HAVE TO BE ALWAYS
SAFE. ALWAYS READY.
Foss has navigated the waters and
extreme conditions of Alaska for
nearly a century. We know that to
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ALWAYS SAFE. ALWAYS READY.
Kathryn Mackenzie is Managing Editor of
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