The Alaska LNG project marks another significant milestone with
today’s announcement by the United States Department of Energy that
it has conditionally authorized the Alaska LNG Project LLC to
export liquefied natural gas to non-Free Trade Agreement
countries.
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The application to export up to 20 million metric tons per year
of liquefied natural gas from Alaska for a 30-year period was
submitted to the U.S. Department of Energy last July. Authorization
to export to nations with existing free trade agreements with the
U.S. was previously received in November 2014. Today’s announcement
conditionally further expands the authorization to include non-Free
Trade Agreement countries as well.
“We are very pleased with the progress this represents,” said
Steve Butt, Alaska LNG senior project manager. “As with any large
scale LNG project, access to as many markets as possible will
improve the commercial viability of the proposed project.”
The Alaska LNG project would provide significant economic
benefits to Alaskans including state revenues, new job
opportunities and access to decades of in-state natural gas for
homes and businesses in Alaska. The Alaska LNG project is
anticipated to create up to 15,000 jobs during construction and
approximately 1,000 jobs for the operation of the project.
The proposed project facilities include a liquefaction facility
in the Nikiski area on the Kenai Peninsula, an 800-mile large
diameter pipeline, up to eight compression stations, at least five
take-off points for in-state gas delivery, a gas treatment plant
located on the North Slope and transmission lines to transport gas
from Prudhoe Bay and Point Thomson to the gas treatment plant.
The Alaska LNG project participants are the Alaska Gasline
Development Corporation (AGDC) and affiliates of ExxonMobil,
TransCanada, BP and ConocoPhillips. For more information on Alaska
LNG, visit ak-lng.com.
EXXONMOBIL
CAUTIONARY STATEMENT:
Statements of future events and conditions in this release are
forward-looking statements. Actual future results, including
project plans, costs, and schedules and economic impacts, could
differ materially due to changes in market conditions affecting the
oil and gas industry or long-term oil and gas price levels;
political or regulatory developments, including the outcome of
required regulatory reviews and permitting processes; technical or
operating factors; and other factors discussed under the heading
“Factors Affecting Future Results” in the Investors section of our
website (www.exxonmobil.com) and in Item 1A of our most recent Form
10-K. The term "project" as used in this release does not
necessarily have the same meaning as under any government
transparency payment reporting requirements.
BP
CAUTIONARY STATEMENT
This release contains statements that are forward-looking
statements and involve risks and uncertainties. It is believed that
the expectations reflected in these statements are reasonable, but
actual results may differ from those expressed in such statements,
depending on a variety of factors, including: the specific factors
identified in the discussions accompanying such forward-looking
statements; industry product supply; demand and pricing; political
stability and economic growth in relevant areas of the world;
development and use of new technology and successful commercial
relationships; the actions of competitors; natural disasters and
other changes in business conditions; and wars and acts of
terrorism or sabotage.
ConocoPhillips
CAUTIONARY STATEMENT
This news release contains forward-looking statements.
Forward-looking statements relate to future events and anticipated
results of operations, business strategies, and other aspects of
our operations or operating results. In many cases you can identify
forward-looking statements by terminology such as "anticipate,"
"estimate," "believe," "continue," "could," "intend," "may,"
"plan," "potential," "predict," "should," "will," "expect,"
"objective," "projection," "forecast," "goal," "guidance,"
"outlook," "effort," "target" and other similar words. However, the
absence of these words does not mean that the statements are not
forward-looking. Where, in any forward-looking statement, the
company expresses an expectation or belief as to future results,
such expectation or belief is expressed in good faith and believed
to have a reasonable basis. However, there can be no assurance that
such expectation or belief will result or be achieved. The actual
results of operations can and will be affected by a variety of
risks and other matters including, but not limited to, changes in
commodity prices; changes in expected levels of oil and gas
reserves or production; operating hazards, drilling risks,
unsuccessful exploratory activities; difficulties in developing new
products and manufacturing processes; unexpected cost increases;
international monetary conditions; potential liability for remedial
actions under existing or future environmental regulations;
potential liability resulting from pending or future litigation;
limited access to capital or significantly higher cost of capital
related to illiquidity or uncertainty in the domestic or
international financial markets; and general domestic and
international economic and political conditions; as well as changes
in tax, environmental and other laws applicable to our business.
Other factors that could cause actual results to differ materially
from those described in the forward-looking statements include
other economic, business, competitive and/or regulatory factors
affecting our business generally as set forth in our filings with
the Securities and Exchange Commission. Unless legally required,
ConocoPhillips undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
TRANSCANADA
FORWARD LOOKING INFORMATION
This publication contains certain information that is
forward-looking and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
"anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). Forward-looking
statements in this document are intended to provide TransCanada
security holders and potential investors with information regarding
TransCanada and its subsidiaries, including management's assessment
of TransCanada's and its subsidiaries' future plans and financial
outlook. All forward-looking statements reflect TransCanada's
beliefs and assumptions based on information available at the time
the statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. TransCanada undertakes no obligation to update or
revise any forward-looking information except as required by law.
For additional information on the assumptions made, and the risks
and uncertainties which could cause actual results to differ from
the anticipated results, refer to the Quarterly Report to
Shareholders dated April 30, 2015 and 2014 Annual Report filed
under TransCanada's profile on SEDAR at www.sedar.com and with the
U.S. Securities and Exchange Commission at www.sec.gov.
ALASKA GASLINE DEVELOPMENT CORPORATION
CAUTIONARY STATEMENT
As an instrumentality of the State of Alaska, the Alaska Gasline
Development Corporation (AGDC) is not subject to oversight by the
U.S. Securities and Exchange Commission. However, AGDC notes that
all forward-looking statements reflect AGDC’s beliefs and
assumptions based on information available at the time the
statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. AGDC undertakes no obligation to update or revise
any forward-looking information except as required by law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150601006417/en/
Alaska Gasline Development CorporationMiles Baker,
907-330-6360Mbaker@agdc.comorConocoPhillips AlaskaNatalie Lowman,
907-263-4153n.m.lowman@cop.comorTransCanada Media RelationsShawn
Howard, 800-608-7859orBP Press
Office907-564-5143/907-301-8726Dawn.Patience@bp.comorExxonMobil
Media RelationsAaron Stryk,
832-624-7559aaron.m.stryk@exxonmobil.com
Exxon Mobil (NYSE:XOM)
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