Post by Logan on Feb 18, 2016 4:37:00 GMT -6
JUNEAU — Gov. Bill Walker said Wednesday that the state and its partners on a proposed mega-liquefied natural gas project will look at different options for moving forward amid low oil prices.
More details are expected in early March, Walker’s office said.
In a letter last month to officials with project partners BP, ConocoPhillips and Exxon Mobil, Walker said he wanted agreements reached on eight areas before the end of the regular legislative session, which is scheduled to conclude in mid-April. The administration had been targeting a spring special session for lawmakers to consider contracts and a constitutional amendment to support long-term tax and royalty terms sought by the companies.
But the parties have said talks are difficult. Lawmakers also have heard from the companies about the challenges in the current price environment.
Read more: juneauempire.com/state/2016-02-17/gas-project-partners-consider-options
More details are expected in early March, Walker’s office said.
In a letter last month to officials with project partners BP, ConocoPhillips and Exxon Mobil, Walker said he wanted agreements reached on eight areas before the end of the regular legislative session, which is scheduled to conclude in mid-April. The administration had been targeting a spring special session for lawmakers to consider contracts and a constitutional amendment to support long-term tax and royalty terms sought by the companies.
But the parties have said talks are difficult. Lawmakers also have heard from the companies about the challenges in the current price environment.
Read more: juneauempire.com/state/2016-02-17/gas-project-partners-consider-options