Alaska Gasline Development Corporation invests in Alaska LNG Project

Client(s) Alaska Gasline Development Corporation

Jones Day represented the Alaska Gasline Development Corporation ("AGDC") in connection with its equity investment in, and development of, the Alaska LNG Project ("AKLNG"), one of the largest LNG export projects of its kind in the world. AKLNG, which is estimated to cost between $45 and $65 billion to develop, is proposed to include a gas processing plant, an 800-mile pipeline from Alaska's North Slope, and a liquefaction facility in the Kenai Peninsula. AGDC has joined with ExxonMobil, BP, and ConocoPhillips to evaluate and further the development of the project pursuant to the terms of, among other agreements, a Heads of Agreement and a pre-FEED joint venture agreement.