Qilak LNG executes heads of agreement with ExxonMobil for natural gas
Qilak LNG, a Lloyds Energy company, announced that a Heads of Agreement has been entered into with ExxonMobil Alaska Production regarding the potential supply of natural gas from the Point Thomson field to Qilak LNG's proposed Alaska North Slope liquefied natural gas export project. The HOA foresees ExxonMobil providing at least 560 million standard cubic feet per day of natural gas to Phase 1 of the Qilak LNG 1 Project, based on the design concept of offshore liquefaction and loading, and icebreaking LNG carriers, to export 4 million tons per year of LNG over a 20-year term. Qilak LNG targets delivery of gas to Asian markets, including Japan, with competitive shipping costs compared to many other sources of LNG in the US and other global LNG projects. Qilak LNG is also in discussions in several Asian countries to engage potential stakeholders in various parts of the Qilak LNG 1 project.