The election of 2002 saw the creation by the will of the people of an entity that is unique among the State’s agencies, boards and authorities. Something since ignored by former Governor Frank Murkowski, former Governor Sarah Palin, and now Governor Sean Parnell and the members of those legislators holding office from 2002 to the present. That something was the Alaska Natural Gas Development Authority (ANGDA).
Let me remind you what we created. I have excerpted the relevant parts that remind us just exactly what we created this authority to accomplish and why it was created. Note the references to the looming Cook Inlet crisis.
You can find the following at http://www.elections.alaska.gov/petitions/01gsln.htm
“Petition ID: 01GSLN: The All-Alaskan Gasline Initiative:An Act establishing the Alaska Natural Gas Development Authority, to maximize revenues for Alaska and jobs and gas for Alaskans.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF ALASKA:“. . . FINDINGS AND INTENT.
(a) The people find that
1. The Phillips-Marathon liquefaction facility at Nikiski has been supplying Cook Inlet natural gas to Japan and Southcentral Alaska at great profit and without interruption since 1969;
Cook Inlet gas supplies are dwindling rapidly with shortfalls anticipated as early as the winter of 2003;
2. Alaska's North Slope contains vast proven reserves of natural gas that have been known for at least 25 years but have never been developed;
3. these gas resources have never been offered for sale, because there has been no way to transport them to market;
4. multiple markets in North America and Asia have recently expressed an interest in receiving a proposal from Alaska for the purchase of Alaska gas;
5. if developed, these natural gas resources could represent substantial economic benefits to Alaskans in jobs, state revenue, and gas for Alaska citizens and businesses;
the major North slope leaseholders have competing gas reserves in other parts of the world vying for the same markets, creating a conflict of interest for them in advancing the sales of Alaska gas;
6. the North slope Producers agreed in 1991 to strand North Slope gas until at least 2005;
given the producer's conflicts of interest and their historic refusal to make North Slope natural gas available it may be necessary to take the gas back;
the permits necessary for an Alaskan gasline project have been pledged to the Alaska Natural 7. Gas Development Authority, operating as a port authority, to facilitate the development of the project;
8. there is sufficient gas for an all-Alaskan gasline project;
9. the Alaska Natural Gas Development Authority offers substantial tax benefits that improve the economics of a gasline project;
10. state ownership of the pipeline and associated facilities has the potential to provide substantial revenues to the state and the Alaska Permanent Fund; and
11. Alaska's constitution requires that Alaska's resources are developed, utilized, and conserved for the maximum benefit of Alaska's people.
12. an all-Alaskan gasline maximizes jobs for Alaskans, revenues for the Alaskan treasury, and access to gas for Alaskans.
(b) It is the intent of this Act to create the All-Alaskan Natural Gas Development Authority for the purpose of developing, constructing, managing, and operating a gas pipeline from the North Slope of Alaska and a spur line to the Southcentral Alaska natural gas distribution grid.”
What was the anticipated completion date of ANGDA’s project?
”1. The goal of the authority is to have the Alaskan gas line in full production by 2007.”
Had ANGDA’s mission been executed upon, Alaska and Alaskans would be enjoying revenues from 2 bcf per day of gas exported to Asia at $10 mmbtus, with the jobs, infrastructure and industry from the pipeline, LNG trains, Valdez port improvements and the gas liquids to further enhance and buffer Alaska’s economy from the stupidity in Washington, D.C. Instead, we face rolling blackouts this winter, and a slowing economy.
Remember this disrespect shown our will by our elected officials in Juneau.