- Process lays groundwork for the
environmental review required for the siting, design, and
permitting for construction of the proposed project that will
create thousands of jobs
- Supporting summer field work continues
for a second season as part of pre-FEED
The Alaska LNG Project has marked a major milestone with the
recent submission of a formal request to the Federal Energy
Regulatory Commission (FERC) to start the pre-file process for the
major natural gas project.
The FERC pre-file milestone sets the stage for the activity
associated with the environmental review required for the siting,
design, and permitting for construction of the proposed project.
This is another important step in the progression of the Alaska LNG
project.
“We look forward to leveraging the extensive strengths of all
the parties involved in the FERC pre-file process,” said Steve
Butt, Alaska LNG senior project manager.
This process is supported by a second season of summer field
work, which is part of the project’s $500 million pre-front-end
engineering design (pre-FEED) phase. The 2014 summer field work,
which is almost complete, employed approximately 250 people. The
primary objective of the summer field work was to collect the data
necessary to support requisite environmental permitting for the
project and to support the routing and siting of project
facilities. The majority of the work was focused along the pipeline
route from Livengood to the proposed LNG liquefaction facility site
in Nikiski.
The Alaska LNG project would provide significant economic
benefits to Alaskans including state revenues, new job
opportunities and access to decades of in-state natural gas for
homes and businesses in Alaska. The Alaska LNG project is
anticipated to create up to 15,000 jobs during construction and
approximately 1,000 jobs for operation of the project.
The proposed project facilities include a liquefaction facility
in the Nikiski area on the Kenai Peninsula, an 800-mile, large
diameter pipeline, up to eight compression stations, at least five
take-off points for in-state gas delivery, a gas treatment plant
located on the North Slope and transmission lines to transport gas
from Prudhoe Bay and Point Thomson to the gas treatment plant.
The Alaska LNG project participants are the Alaska Gasline
Development Corporation (AGDC) and affiliates of ExxonMobil,
TransCanada, BP and ConocoPhillips. An application for an LNG
export license to the U.S. Department of Energy was submitted in
July for the project. For more information on Alaska LNG, visit
ak-lng.com.
EXXONMOBIL
CAUTIONARY STATEMENT:
Statements of future events and conditions in this release are
forward-looking statements. Actual future results, including
project plans, costs, and schedules, could differ materially due to
changes in market conditions affecting the oil and gas industry or
long-term oil and gas price levels; political or regulatory
developments, including the outcome of required regulatory reviews
and permitting processes; technical or operating factors; and other
factors discussed under the heading "Factors Affecting Future
Results" in the Investors section of our website
(www.exxonmobil.com) and in Item 1A of our most recent Form 10-K.
The term "project" as used in this release does not necessarily
have the same meaning as under any government transparency payment
reporting requirements.
BP
CAUTIONARY STATEMENT
This release contains statements that are forward-looking
statements and involve risks and uncertainties. It is believed that
the expectations reflected in these statements are reasonable, but
actual results may differ from those expressed in such statements,
depending on a variety of factors, including: the specific factors
identified in the discussions accompanying such forward-looking
statements; industry product supply; demand and pricing; political
stability and economic growth in relevant areas of the world;
development and use of new technology and successful commercial
relationships; the actions of competitors; natural disasters and
other changes in business conditions; and wars and acts of
terrorism or sabotage.
ConocoPhillips
CAUTIONARY STATEMENT
This release includes forward-looking statements. These
statements relate to future events, such as anticipated revenues,
earnings, business strategies, competitive position or other
aspects of our operations or operating results or the industries or
markets in which we operate or participate in general. Actual
outcomes and results may differ materially from what is expressed
or forecast in such forward-looking statements. These statements
are not guarantees of future performance and involve certain risks,
uncertainties and assumptions that may prove to be incorrect and
are difficult to predict such as oil and gas prices; operational
hazards and drilling risks; potential failure to achieve, and
potential delays in achieving expected reserves or production
levels from existing and future oil and gas development projects;
unsuccessful exploratory activities; unexpected cost increases or
technical difficulties in constructing, maintaining or modifying
company facilities; international monetary conditions and exchange
controls; potential liability for remedial actions under existing
or future environmental regulations or from pending or future
litigation; limited access to capital or significantly higher cost
of capital related to illiquidity or uncertainty in the domestic or
international financial markets; general domestic and international
economic and political conditions, as well as changes in tax,
environmental and other laws applicable to ConocoPhillips’ business
and other economic, business, competitive and/or regulatory factors
affecting ConocoPhillips’ business generally as set forth in
ConocoPhillips’ filings with the Securities and Exchange Commission
(SEC). We caution you not to place undue reliance on our
forward-looking statements, which are only as of the date of this
presentation or as otherwise indicated, and we expressly disclaim
any responsibility for updating such information.
Use of non-GAAP financial information – This presentation may
include non-GAAP financial measures, which help facilitate
comparison of company operating performance across periods and with
peer companies. Any non-GAAP measures included herein will be
accompanied by a reconciliation to the nearest corresponding GAAP
measure in an appendix.
Cautionary Note to U.S. Investors – The SEC permits oil and gas
companies, in their filings with the SEC, to disclose only proved,
probable and possible reserves. We use the term "resource" in this
presentation that the SEC’s guidelines prohibit us from including
in filings with the SEC. U.S. investors are urged to consider
closely the oil and gas disclosures in our Form 10-K and other
reports and filings with the SEC. Copies are available from the SEC
and from the ConocoPhillips website.
TRANSCANADA
FORWARD LOOKING INFORMATION
This publication contains certain information that is
forward-looking and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
“anticipate”, “expect”, “would”, “believe”, “may”, “will”, “plan”,
“intend” or other similar words). Forward-looking statements in
this document are intended to provide TransCanada security holders
and potential investors with information regarding TransCanada and
its subsidiaries, including management’s assessment of
TransCanada’s and its subsidiaries’ future financial and
operational plans and outlook. All forward-looking statements
reflect TransCanada’s beliefs and assumptions based on information
available at the time the statements were made and as such are not
guarantees of future performance. Readers are cautioned not to
place undue reliance on this forward-looking information, which is
given as of the date it is expressed in this news release, and not
to use future-oriented information or financial outlooks for
anything other than their intended purpose. TransCanada undertakes
no obligation to update or revise any forward-looking information
except as required by law. For additional information on the
assumptions made, and the risks and uncertainties which could cause
actual results to differ from the anticipated results, refer to
TransCanada’s Quarterly Report to Shareholders dated May 1, 2014
and 2013 Annual Report on our website at www.transcanada.com or
filed under TransCanada’s profile on SEDAR at www.sedar.com and
with the U.S. Securities and Exchange Commission at
www.sec.gov.
ALASKA GASLINE DEVELOPMENT CORPORATION
CAUTIONARY STATEMENT
As an instrumentality of the State of Alaska, the Alaska Gasline
Development Corporation (AGDC) is not subject to oversight by the
U.S. Securities and Exchange Commission. However, AGDC notes that
all forward-looking statements reflect AGDC’s beliefs and
assumptions based on information available at the time the
statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. AGDC undertakes no obligation to update or revise
any forward-looking information except as required by law.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140908006208/en/
Alaska Gasline Development CorporationMiles Baker,
907-330-6360Mbaker@agdc.comorConocoPhillips AlaskaAmy J. Burnett,
907-263-1539Amy.J.Burnett@cop.comorTransCanada Media RelationsShawn
Howard, 800-608-7859orBP Press
Office907-564-5143/907-301-8726Dawn.Patience@bp.comorExxonMobil
Media RelationsKim Jordan,
832-624-3780Kimberly.a.jordan@exxonmobil.com
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