Targeted by environmental groups, gas flares in Alaska are regulated more by economics than concerns about greenhouse gases.
Natural gas is still the largest source of electricity generation in the country.
Marathon Petroleum is one step closer to reopening the Nikiski plant as an import facility.
Marathon Petroleum got the green light from the Federal Energy Regulatory Commission that’s tasked with reviewing natural gas project proposals, though it wasn’t a unanimous decision.
Getting this approval helps make the project less risky for investors and partners to consider — because it defines the environmental impacts.
It’s not John Hendrix’s first foray into Cook Inlet energy, he was general manager of Apache Corp.’s operations there.
That direction looks a lot like a previous version of the project: one that was led by the oil companies on the North Slope.
Lawmakers peppered Cruz and other members of the corporation’s executive board with questions about project finances, employee turnover and how much money the state expects to make on its share of the project.
ConocoPhillips has confirmed it’s giving up its small stake in the Point Thomson field on the North Slope. The move has some observers wondering if it’s a bad sign for the state’s effort to build a massive natural gas line.
The company and the feds are investigating a potential natural gas leak in Cook Inlet.