The companies estimate a cost of $45 billion to more than $65 billion (2012 dollars) for a project that includes a massive plant to cleanse produced gas of carbon dioxide and other impurities; an approximately 800-mile pipeline from Alaskas North Slope to the liquefaction plant; and an LNG plant, storage and shipping terminal at Nikiski, 60 air miles southwest of Anchorage along Cook Inlet.
The 42-inch-diameter pipeline would be built to carry 3 billion to 3.5 billion cubic feet of natural gas per day. Alaskans would use some of this gas, and running the pipeline and LNG plant would consume some. The plant would have the capacity to make 17 million to 18 million metric tons a year of LNG, processing 2.2 billion to 2.4 billion cubic feet a day of gas.
The project is in the pre-front-end engineering and design (pre-FEED) phase, which is expected to be completed in late 2015 or 2016.
The North Slope oil discoveries of the 1960s and 1970s also found an estimated 35 trillion cubic feet of natural gas. The U.S. Geological Survey estimates an additional 221 trillion cubic feet of technically recoverable gas await discovery in Alaska's Arctic, onshore and offshore. By comparison, in 2012 marketed gas production from all U.S. fields totaled about 25 trillion cubic feet.
We can’t build this!
It will threaten the musky rat-kangaroo that lives in a tiny stretch of tropical rainforest on Australias northeastern coast!
/s
(shakes head) What a waste. Why not build a gas to liquids plant at the slope and ship “white” diesel down the TAPS pipeline at a faction of the cost?
(sigh) Just another way for consultants to stick their snout in at the public trough to feed - this is just **another** project that will be studied to death, yet never bulit.