Parnell said a significant step will be made towards getting Alaska’s gas to Alaskans.
"For the first time, we have alignment among the necessary parties, authorization from the Legislature, and the beginning of engineering and design work on a project that will create thousands of Alaska jobs, and fuel Alaska homes and businesses for decades to come," Parnell added.
The SB 138 also allows the Alaska Gasline Development (AGDC) to carry the state’s interests in the project’s infrastructure, mainly the liquefaction and marine facilities.
Formal commercial agreements are scheduled to be finalized by AGDC the companies and TransCanada in near future, enabling the project to advance into the pre-front end engineering and design (Pre-FEED) phase.
The Alaska LNG Project will commence to seek key permits in the coming months.
"I commend legislators for working with our administration to advance SB 138 and lay the groundwork for the Alaska LNG Project to get Alaska’s gas to Alaskans," Parnell added.
"When future generations of Alaskans look back, they will remember 2014 as the year the Alaska LNG Project began."
