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Governor Discusses Progress on Gas Pipeline Talks


March 18, 2005

Anchorage, Alaska - Governor Murkowski met in Anchorage Thursday with senior managers of Exxon Mobil, Conoco Phillips, and British Petroleum to discuss the status of the Producers' Stranded Gas Develop Act (SGDA) negotiations.

Governor Murkowski, joined by member of his gas team, spent most of the day in these negotiations. "We have made enormous progress over the past months", the Governor stated, "and we are now at a critical juncture. There are a number of significant issues remaining, the resolution of which are necessary to finalize a deal."

Representatives from the Producers group emphasized to the Governor that they remain fully committed to successfully concluding the negotiations. They also assured the Governor that they will continue working diligently and in good faith with his team on this effort.

The Governor informed the Producer group that rapid completion of the negotiations remains the highest priority of his Administration, and that he will personally oversee the final phases of the negotiations. Successful commercialization of the vast North Slope gas reserves will provide the state with a solid economic foundation for decades to come.

The Governor also noted that significant progress is also occurring in negotiations between the state and TransCanada on an independent pipeline, and with the Port Authority on their LNG Project.

The Governor completed the day by leading a discussion with those Legislators who have signed confidentiality agreements under the SGDA. The Governor's gas team briefed the legislators on the status of both sets of negotiations


Source of News Release:

Office of the Governor
Web Site

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