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Pantheon signs preliminary gas supply deal for Alaska LNG project 

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Pantheon signs preliminary gas supply deal for Alaska LNG project 


Great Bear Pantheon, a subsidiary of Pantheon Resources, has signed a gas sales precedent agreement (GSPA) with 8 Star Alaska, a subsidiary of AGDC.  

This agreement outlines the commercial terms for a future binding contract for Pantheon to supply natural gas to the Alaska liquified natural gas (LNG) project.  

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The project, which is currently under development, aims to deliver gas within Alaska and export up to 20 million tonnes per annum of LNG. 

AGDC’s Alaska LNG project is a federally authorised initiative that aims to provide natural gas to Alaska’s regions facing an energy crisis.  

It is considering a phased approach, starting with the development of a pipeline from the North Slope to south-central Alaska.  

This initial phase does not include an LNG plant, significantly reducing capital expenditure and construction time, with gas transportation possible by 2029.  

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AGDC plans to commence front end engineering and design before a final investment decision around mid-2025. 

The agreement between Pantheon and AGDC sets the stage for a 20-year supply of up to 500mcf/d from Pantheon’s Kodiak and Ahpun fields at a base price capped at $1 per million British thermal units.  

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The terms also include minimum daily volumes for the take-or-pay obligation. The potential for a lower gas price exists if both parties collaborate to reduce project financing costs. 

The initial term of the GSPA extends to 30 June 2025 or until the definitive gas sales agreement is executed, with provisions for automatic annual renewals.  

This agreement could lead to additional funding opportunities for both the Alaska LNG project and Pantheon’s field development activities.  

AGDC president Frank Richards commented: “This agreement solidifies the commercial foundation needed for the Phase 1 portion of Alaska LNG and provides enough pipeline-ready natural gas, at beneficial consumer rates, to resolve south-central Alaska’s looming energy shortage as soon as 2029.” 

Pantheon executive chairman David Hobbs said: “We are building a mutually beneficial long-term relationship with Alaska LNG and with the state, which seeks to supply much needed gas required for south-central Alaska’s energy needs, while at the same time realising the value from our total aggregate contingent resources exceeding 1.5 billion barrels of ANS blend and six trillion ft³ of natural gas.” 

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Alaska

An Alaskan odyssey – Gates Cambridge

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An Alaskan odyssey – Gates Cambridge


Ben Weissenbach was in conversation with fellow Scholar Mia Bennett about the past, present and future of the Arctic this week.

Two authors of the Arctic were in conversation at Bill Gates Sr. House this week to celebrate the publication of Ben Weissenbach’s new book North to the Future.

Ben was in conversation with fellow Gates Cambridge Scholar Mia Bennett [2012], associate professor of geography at the University of Washington and founder and editor of the blog Cryopolitics who has also just co-authored her own book, Unfrozen: The Fight for the Future of the Arctic.

Ben [2023]  is a journalist who decided to leave behind his screen-bound life and venture to Arctic Alaska at the age of just 20. His book charts his experiences and conversations with environmental scientists along the way as he comes face to face with the impact of a fast-thawing region. Mia’s book explores the state of the Arctic today, showing how the region is becoming a space of experimentation for everything from Indigenous governance to subsea technologies.

In addition to reading passages from his book, Ben spoke about how studying what is happening in the Arctic provides a window on Earth’s future. He said the Arctic is warming three times faster than the rest of the world which could radically compound warming elsewhere. “Models can’t tell us what that means on the ground,” he stated.

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The call of the wild

Ben said the motivation for writing the book was a craving for a world he hadn’t experienced. He had spent a lot of time indoors on a screen and wanted to go out into the natural world, inspired by authors such as Jack London and John McPhee.

He did some short wilderness trips beforehand and learned through mentors how to ‘be outside and connect more to a place’. When he set off for Alaska he didn’t intend to write a book, although he pitched it as a reporting project. He aimed to learn from people from Alaska, explore how much the North is changing and how it will affect everyone and help readers think through their relationship with technology.

Mia asked him about the experts he met along the way. Ben said when he got to Alaska he asked people who he should talk to and many mentioned climate experts. They included Roman Dial, a larger-than-life ecologist with whom Ben ended up walking and rafting 1,000 miles across Alaska’s Brooks Range, tracing how the region’s trees are advancing northwards. Ben says he had not thought about forests in the Arctic before, even though the boreal forest is the world’s largest terrestrial biome, accounting for a third of all terrestrial carbon on the planet.

Ben spoke of the vastness of Alaska, the lack of infrastructure and the fact that there are fewer than one million people there which means you can walk for days and weeks without encountering anyone. 

Another expert he met was Kenji Yoshikawa, a reindeer-herding, self-taught permafrost expert from Japan. His expertise relies on his own observation which means he can be sceptical of scientific modelling. Yoshikawa left Ben for 11 days in a cabin looking after his reindeer in -40 degrees temperatures. Despite his remote location, Ben said he had very good internet connection. Mia and Ben then discussed the pros and cons of connectivity, how the internet is changing the way people relate to each other and to their environment and how it can also help traditional knowledge to be shared and to survive.

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Ben also met Matt Nolan, an independent glaciologist, who taught himself to fly and flew Ben to the largest glaciers in the American Arctic. He has produced maps of the area through taking photos of the landscape and is able to monitor changes over time with a good degree of accuracy. Ben said being on a glacier is completely different to looking at a picture of it. “It’s the sheer scale, the silence except for the sound of creaking, the way glaciers slide down mountains and make weird crevasses, the thing light does to them,” he said.

Why place matters

Ben also spoke to indigenous people to understand the importance of generations of intimate knowledge of the land. He heard stories of winners and losers and experienced competing narratives. He saw how some valleys were falling apart as the permafrost thawed, saying it was like viewing an apocalyptic landscape, but he also experienced some of the wildest places on Earth [including being tracked by bears] and a feeling of continuity.

In addition to speaking about how he got his book published, Ben talked about his next project and how he is interested in exploring how technology can redirect people back to the environment instead of just acting as an attentional vacuum, drawing us away from nature.

*North to the future: An offline adventure through the changing wilds of Alaska is published by Grand Central Publishing.

Unfrozen: The Fight for the Future of the Arctic by Mia Bennett and Klaus Dodds is published by Yale University Press.

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Alaska

Trump administration revokes Biden-era limits on Alaska oil drilling

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Trump administration revokes Biden-era limits on Alaska oil drilling


Nov 13 (Reuters) – The Trump administration on Thursday finalized its rollback of Biden-era limits on oil and gas drilling in an Alaska area that is the nation’s largest tract of undisturbed public land.

The move is consistent with President Donald Trump’s goal to reduce restrictions on domestic oil and gas development, particularly in resource-rich Alaska.

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Biden’s 2024 rule had prohibited oil and gas leasing on 10.6 million acres (4.3 million hectares) of the National Petroleum Reserve in Alaska, while limiting development on more than 2 million additional acres.

“By rescinding the 2024 rule, we are following the direction set by President Trump to unlock Alaska’s energy potential, create jobs for North Slope communities and strengthen American energy security,” Interior Secretary Doug Burgum said in a statement. “This action restores common-sense management and ensures responsible development benefits for both Alaska and the nation.”

An Alaska Native group, Voice of the Arctic Inupiat, said in a statement that it supported the rollback because drilling infrastructure contributes meaningfully to the region’s tax revenues and supports services like healthcare and education.

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Reporting by Nichola Groom;
Editing bu Bill Berkrot

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Alaska federal worker faced lease termination during record government shutdown

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Alaska federal worker faced lease termination during record government shutdown


A 24-year federal employee who faced having his Anchorage apartment lease terminated says the record government shutdown is creating a financial crisis for essential workers nationwide, particularly in states such as Alaska where local regulations show virtually no eviction protections exist.



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