JUNEAU, Alaska (AP) — Gov. Bill Walker’s administration had a consultant evaluate a pitch to turn North Slope gas to gasoline and ship it through the trans-Alaska pipeline. But a Walker spokeswoman says the idea was scuttled because it didn’t pencil out.
Spokeswoman Katie Marquette says the administration felt obligated to review the proposal since it had the potential to bring billions of dollars in revenue to the state if it worked.
She says consultant Greengate LLC determined the proposal from Saturn Ferrostaal Gas Chemicals LLC would require higher oil prices to make financial sense and the administration decided not to proceed further.
The Greengate contract last year was for $100,000. Marquette says $23,710 went toward reviewing the gas-to-liquids proposal, with the rest for work related to the major gas project Alaska is pursuing.
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