The Alaska Gasline Inducement Act (AGIA)
“Alaskans should be encouraged by the progress which TransCanada and ExxonMobil continue to demonstrate in moving forward Alaska's gas pipeline project... The open season remains on schedule, targeted for completion at the end of July 2010.”
- State of Alaska's 2nd AGIA Alaska Pipeline Project Report, October 31, 2009
The Alaska Gasline Inducement Act (AGIA) was passed into law by the State of Alaska in May 2007. Its purpose is to expedite the construction of a pipeline to transport Alaskan natural gas resources to market. AGIA offers incentives to gas producers and pipeline companies in exchange for specific commitments that will provide significant benefit to the state. After a competitive bid process and a thorough public and legislative review, TransCanada was selected by the state in August 2008 as the exclusive recipient of the AGIA license. The license was formally signed and issued to TransCanada on December 5, 2008. In June 2009, ExxonMobil joined efforts with TransCanada to advance the AGIA-licensed project. For further details on the alignment agreement between TransCanada and ExxonMobil, view the complete Alignment Summary [.pdf].
“The agreement offers tremendous synergies by merging TC's extensive sub-Arctic pipeline construction experience and its existing regulatory certificates for the project through Canada, with ExxonMobil's project management expertise, financial strength, expertise in the design and construction of gas handling facilities and its upstream expertise on Alaska's North Slope. ”
- 2nd AGIA Alaska Pipeline Project Report, October 31, 2009
For more information about AGIA and the latest progress report on the Alaska Pipeline Project, visit the AGIA website.