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AIDEA may extend deadline for natural gas project

FAIRBANKS, Alaska (AP) — The Alaska Industrial Development and Export Board is considering an extension of a deadline for the firm that wants to build a North Slope liquefied natural gas plant for trucking gas to interior Alaska.

AIDEA (AY’-dah) in September signed an agreement with MWH Global for ownership and operation of an LNG plant.

The Fairbanks Daily News-Miner reports MWH projected the plant’s cost at $185 million but the estimate is now $228 million.

The plant at that price would produce gas that community leaders say is too expensive.

The AIDEA contract is due to expire at the end of the year. Two utilities have requested an extension to allow MWH to bring down the project cost and board member Gary Wilken says a short extension is in the works.

Information from: Fairbanks (Alaska) Daily News-Miner, http://www.newsminer.com Copyright (2014) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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