CORRECTED-Alaska sees TransCanada's LNG project stake worth $70-$100 mln

Thu Sep 17, 2015 6:49am EDT
 
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(Corrects to add reference to midstream, paragraph 1)

* Alaska LNG project could export 20 million tonnes a year

* Project still requires environmental approval, FiD

* Global LNG markets suffer from oversupply

By Osamu Tsukimori

TOKYO, Sept 17 (Reuters) - Alaska could pay $70 million to $100 million for TransCanada's 25 percent stake in the midstream and upstream sectors of the proposed Alaska liquefied natural gas (LNG) project, Governor Bill Walker said on Thursday.

Walker has recommended to legislators that the U.S. state should buy the stake, adding to a similar stake in a planned liquefaction plant and giving it a quarter share of the giant 20 million tonnes per annum export project.

Developed by ExxonMobil, ConocoPhillips and BP, the Alaska LNG project draws on gas from Alaska's North Slope and includes an 800 mile (1,300 km) pipeline to Nikiski on the Kenai Peninsula where the gas would be liquefied for export as early as 2024, most likely to Asia.

Walker, who last December became the governor, has pushed for the project since 1999, but now says he is confident that it will go ahead.   Continued...