Bloomberg News

Exxon Mobil, BP, Conoco Plan Alaskan LNG Exports, Governor Says

January 09, 2012

Jan. 6 (Bloomberg) -- Exxon Mobil Corp., BP Plc and ConocoPhillips plan to export liquefied natural gas from Alaska to Asia’s “growing markets,” Governor Sean Parnell said.

Exxon Chief Executive Officer Rex Tillerson, BP’s Robert Dudley and ConocoPhillips’s Jim Mulva met with Parnell yesterday in Anchorage, Alaska to discuss “opportunities for commercializing North Slope gas,” Parnell’s office said yesterday in a statement.

BP and ConocoPhillips in May dropped plans to build a $35 billion Alaskan gas pipeline after failing to get enough customer interest. Increased shale-gas extraction has made the U.S. the world’s largest producer of gas.

TransCanada Corp. and Exxon are behind a rival pipeline that may cost as much as $41 billion.

--Editors: Stephen Cunningham, Tony Barrett.

To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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