1 State Wants a Stake in Natural Gas Exports
This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
States with measurable oil and natural gas production benefit financially, and Alaska is no exception. Royalty payments to the state, which are then doled out to every Alaskan, are nothing new. However, the possibility of it taking a 20-30% stake in the North Slope project to export liquified natural gas by BP , ConocoPhillips and ExxonMobil certainly is. The project involves building an 800-mile pipeline, a job for TransCanada , to deliver natural gas to an export terminal in the southern portion of the state. With project cost estimates starting at $45 billion, this could be a huge undertaking for the 49th state in the Union. For more, tune in below.
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The article 1 State Wants a Stake in Natural Gas Exports originally appeared on Fool.com.Follow Taylor on Twitter @t_Muckerman. Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.