- Associated Press - Monday, April 21, 2014

JUNEAU, Alaska (AP) - The Alaska Legislature has passed a bill setting the state’s participation in a major liquefied natural gas project.

The House voted 36-4 on the measure Sunday. The Senate later voted 16-4 to agree to the House changes.

SB138, from Gov. Sean Parnell, would set state participation at about 25 percent in a project also being pursued TransCanada, the Alaska Gasline Development Corp., and the North Slope’s major players. It would allow the project to move to a stage of preliminary engineering and design and cost refinement.

It also would allow the state to negotiate project-enabling contracts that would be brought back to lawmakers for consideration.

Some supporters expressed cautious optimism that this would lead to a long hoped-for project. Critics questioned if this was the best deal for the state.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide