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Alaska LNG can overcome challenges, ExxonMobil executives say

Release Date: November 21, 2013

Steve Butt, an ExxonMobil executive leading the Alaska LNG team, said his group is working to reduce uncertainties in the project and whittle the cost estimate to the lower end.

The team also is doing advance work for federal and state permitting, with the 2014 field work crew totaling about 300 people — more than double the 2013 number — and spending more time in the field, Butt said.


Guerrant noted the rising costs of LNG projects. A new LNG development costs $20 billion on average, four times the cost during 2001 to 2010, he said. (The long pipeline and Arctic construction costs add to the Alaska price tag.)

"Still, we think Alaska can be economically viable," Guerrant said.

"This time it's different" from past starts and stops of North Slope gas projects, Butt said.

http://www.arcticgas.gov/alaska-lng-can-overcome-challenges-exxonmobil-executives-say