Cook Inlet LNG, a Louisiana-based subsidiary Independent oil and gas company Gardes Holdings has broken ground on securing regulatory approvals for an offshore liquefied natural gas (LNG) import project, utilizing a floating storage and regasification unit (FSRU) and existing platform infrastructure to cover Alaska’s unmet gas demand and storage needs in the coming years.
Cook Inlet LNG has begun the process of obtaining regulatory approvals from the Federal Energy Regulatory Commission (FERC), the U.S. Coast Guard, and other regulatory agencies for its near-term energy security bridge solution in South Central Alaska, which entails an FSRU and existing platform infrastructure.
Gardes Holdings will work in partnership with Glacier Oil & Gas Corp., a long-time Cook Inlet producer, to develop this project to provide energy security to what is considered the most densely populated region in the country, while long-term solutions are developed and realized.
Rob BryngelsonThe Cook Inlet LNG Project Lead commented: “It is no secret that South Central Alaska faces a critical energy gap in just a few years, which many players in our industry are working hard to overcome.
“With our FSRU project, Cook Inlet LNG aims to address the immediate need for gas supply, not impede long-term gas supply projects that are currently being discussed in the public domain. Now that we have reached key inland milestones, we can join those critical energy supply discussions through our FSRU project.”
The project aims to maximize the use of existing oil and gas infrastructure in the Cook Inlet Basin, with the initial project designed to supply the region with 22 billion cubic feet of natural gas annually. The FSRU will be docked next to the list Osprey platform On the west side of Cook Inlet.
While gas will be fed into the pipeline system through existing platform infrastructure, the mooring anchors that will be placed on the Cook Inlet floor to moor the FSRU are the only new infrastructure that will be required for the Cook Inlet LNG project.
Stephen RatcliffeThe CEO of Glacier Oil & Gas Corp. confirmed: “With the infrastructure, facilities and pipelines in place in the southernmost region of Cook Inlet, we are excited to embark on the next phase of delivering energy solutions to Alaskans, by Alaskans.
“Our ability to leverage our infrastructure allows for a just-in-time solution to meet real-time gas supply demand, while maintaining our standards for the health and safety of our employees and the environment in which we operate.”
Based on the current timeline, first gas from the FSRU project is expected to be available in mid-2029. This development is privately financed, removing implementation risk for local utilities and taxpayers. Once the project is operational, gas supply costs to utilities and ratepayers will be approved by the Alaska Regulatory Commission (RCA). Among Upcoming major projects In the country it is Alaska LNG.
Robert GuardsThe Chairman of Jardis Holding Company noted: “This project increases the reuse of oil and gas infrastructure that has been operating safely in Cook Inlet for decades. FSRUs have proven their effectiveness as a simple and safe solution to closing energy gaps around the world. We are proud that this project will do the same for the people of Alaska.”
Cook Inlet LNG notes that the FSRU will be refueled by LNG carriers approximately once every 30-45 days in the winter, with longer periods between resupply in the summer. All vessels are expected to be suitable for operations in challenging Cook Inlet conditions.
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