Enstar wants to take over the project last estimated to cost $10 billion. But its own chief executive acknowledges that the pipeline isn't viable without multi-billion-dollar subsidies from the state.
Today, we do not have a Governor that is smart enough to work through the problems of his office. Its been an issue, state gas line, that he refuses to face and deliberately puts the idea down when it is a topic of interest and discussion. The idea needs presentation to the public and a comment time for debate. It has to be put out of the realm of the governor's office and one that is in the hands of the company to the public.
Alaskans ought to take a pass on gas as the future is electric. Fifty years of “cheap’ and exported (for a while) and now it’s dwindling. Maybe Hillcorp will explore and find more but more likely it will extort the state for further useless subsidies and tax breaks and then stiff the local customers with higher prices. Once, as part of the effort to convert some of the Southcentral vehicle fleet to Compressed Natural Gas some 35 years ago. The Municipality of Anchorage bought CNG vehicles and has a fueling station (not metered), a private one was built on Tudor but late one night a big truck bashed the “pump” so it closed down and the bottles shipped out. Cannot accuse the gasoline industry, hit & run. But the Oil Barons really hate any competition. Mayor Sullivan would not negotiate with the CIRI Wind Farm on Fire Island for supplying ML&P electricity so instead of 44 generators there are only 11, ought to be finished with newer bigger ones. Wind generators on the south side of Turnagain out on the mud flats would be located in one of the most powerful wind ‘tunnels’ on the planet, clean electricity right on Anchorage’s doorstep. They would appear tiny against the mountains.
Why is “Our” gas stranded on the North Slope. Those who want another “Pipeline Boom” will not notice, see or acknowledge that that gas field is located on tidewater, shallow out to 40 miles or so and ice blocked much of the year but now less and less each warming year. A gas liquefaction plant build on a barge could be dragged ashore and floated inland when the oceans rise. Small but working round the clock and coupled to sufficient storage, large LNG tankers could (occasionally) be fed for the world market by a 40 mile pipe (a lot cheaper than and 800+ mile one that “has” to cross Cook Inlet. It could also supply Fairbanks via tanker truck and the Yukon River near the pipeline bridge to fuel Alaska or Native Corporation built and operated Riverboats. Barges could also be towed to Yukon River villages with tanker truck trailers for supplying those towns (park a trailer in town and replace with another when nearly empty (use that remaining gas to fuel the tugboat). I suspect that this gas in Fairbanks would not be cheap but gas replacing diesel, wood and gasoline in rural villages has merit. Until they convert to solar, wind, river current or geothermal which are greater than gas.
In lieu of previous proposals of bringing liquid gas to Alaska, it makes sense to bite the bullet and build a pipe line. What's a few billion here, instead of billions leaving the state in perpetuity?
Further more, we lost $7 Billion in the Corpus in the first year of Joe Biden. What do we have to show for that $7 Billion??
The stock market could hammer us again, at any time. It's time to use our money on Alaskans, not stock brokers.