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ExxonMobil Agrees to Sell North Slope Gas to Alaskan Firm

ExxonMobil and Fairbanks Natural Gas announced a deal yesterday under which the supermajor would supply gas to a small liquefaction facility to be transported to customers  by truck. Though the 10 Bcf/year supply agreement is relatively small, the Anchor
February 12, 2008

ExxonMobil and Fairbanks Natural Gas announced a deal yesterday under which the supermajor would supply gas to a small liquefaction facility to be transported to customers  by truck. Though the 10 Bcf/year supply agreement is relatively small, the Anchorage Daily News reports that some Alaskan state officials, including Governor Palin (R), see the announcement as a positive sign for the commercialization of North Slope natural gas supplies. The deal reportedly comes on the heels of Alaska’s decision to cut tax rates on North Slope gas used in-state.

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