March, 2007
Governor Palin Unveils the Alaska Gasline Inducement Act
Governor Sarah Palin today unveiled the Alaska Gasline Inducement Act (AGIA). The Governor’s gasline bill heads first to the Legislature to begin the public review process.
“We must move a gasline forward as expeditiously as possible. We need low tariffs to maximize the returns to Alaskans. We envision an open access line so new fields will be explored and new reserves developed and shipped through the line for decades to come,” said Governor Palin. “I am confident that this vehicle, the AGIA, gets us there and gets us there quickly, but ALWAYS with the best interests of Alaskans in mind.”
Historic Agreement Moves AGIA Forward Governor Applauds Private-Sector Alignment
TransCanada Corporation and ExxonMobil announced today they have reached terms on a gas pipeline development agreement. TransCanada and ExxonMobil have agreed to work together to progress the Alaska Gasline Inducement Act (AGIA) Gas Pipeline Project.
AGIA was created as a commercial vehicle for advancing the Alaska gas pipeline project through the first stages of development of what will be the largest private energy project in the world. "In a volatile world with growing energy needs, the time is now to develop Alaska's valuable resource for the environment, economy and national security,” Governor Palin said. She further described this historic announcement as “very encouraging and exciting, but certainly no surprise, because AGIA was crafted to allow just this type of commercial alignment to take place.”
For the State of Alaska and Alaskans, the owners of the North Slope’s world-class hydrocarbon resources, this event represents progress on this long lead-time project. Once construction begins, Alaska will experience economic growth not seen in over a generation, including potentially thousands of jobs created through construction of an open-access pipeline, as well as significant revenues generated from the production and sale of the gas.
I wonder how many jobs this will "save or create"?
I can tell you one thing: they'll probably be able to count them.
1 comments:
Have you heard of the Alaska Christmas Club. The state received tons of money from oil, which justifies their support of the industry. Late each year each resident receives a very generous check from the state distributing the revenue from the oil industry.
It is a dependable source of income for Alaskans.
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