As a Cook Inlet natural gas shortage looms, Alaska’s biggest utilities are assessing their options — and none are cheap.
earlier in the year that “there are significant gas volumes potentially available through additional investment and development in currently producing fields,” but that uncertainty remains about how much the rate of return would need to increase to induce additional production from the aging basin.
However, there would be significant capital expenditures to importing gas, the working group said. A Nikiski LNG facility is operated by Marathon, which has its own gas importation plans, and 50-year-old tanks would likely need to be replaced. “It is going to put the people of Alaska in an extremely, extremely difficult situation in the coming years,” he said.Wielechowski said he was not surprised that the cheapest and fastest option flagged by the utilities was to produce more gas from Cook Inlet. Heto state officials on June 26, arguing that Hilcorp has failed to meet its lease obligations to explore and develop the basin, and suggesting that the Texas-based producer could be at risk of litigation.
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