Governor’s campaign pamphlet, aka, Gasline Workforce plan released.

The Alaska LNG Project Gasline Workforce Plan
The Alaska Department of Labor and Workforce Development, April 2018

The Alaska LNG Project Gasline Workforce Plan identifies the workforce needed to build and operate the project, and it provides a framework to maximize Alaska Hire on this project. Aligning Alaska’s robust statewide training network and making smart investments to expand training for in-demand occupations is critical to ensuring Alaskans are first in line for these jobs.

Our Take: The state shouldn’t spend money on workforce development for this project until a commitment to build it has been signed. Alaskans who work in the industry and live in the real world are skeptical of a 2019 start date for this project, but, if it actually starts within the next two years, there isn’t enough time to develop many of the skills needed. Many of the items listed as action items for the state are beyond their control, especially if China takes the lead on financing and construction. Some people reading this report might see it as a campaign pamphlet for the Governor instead of a practical approach to ensuring that Alaskans are “first in line for these jobs.”

IGU board considers Siemens proposal for alternative natural gas source for Fairbanks
Alaska Public Media, Tim Ellis, May 21, 2018

An affiliate of the Germany-based industrial giant Siemens is offering to build an LNG plant near Wasilla and transport the gas it processes there to Fairbanks at no cost to the Interior Gas Utility – if the IGU board of directors agrees to a long-term LNG-sales contract. Officials with Siemens Government Technologies outlined the proposal to the IGU board during a special meeting Tuesday. IGU board Chairwoman Pam Throop says there’s a lot to like about the Siemens Government Technologies proposal, but she says it all comes down to helping the IGU “get cheap gas real soon so we can get conversions immediately and start building.”

Our Take: An interesting development. Getting “cheap gas real soon” is no easy task. Best wishes to Siemens and IGU in their efforts!

Where Americans are moving for jobs
KTVA, May 21, 2018

As the job market heats up, many Americans are looking to move up — and maybe move out. About a quarter of applications submitted by job seekers were for openings outside the candidate’s metro area, career website Glassdoor found in a report published Friday. The data used in this study are from online job applications on Glassdoor. The sample included more than 120,000 unique users in the 40 largest U.S. metro areas, who applied to more than 600,000 jobs during a typical week from Jan. 8 to Jan. 14, 2018.

Our Take: Alaska isn’t in the top 10 places to look for jobs – not surprising when we have the highest unemployment rate in the nation.

I think we are on the verge of falling off a cliff with Venezuelan oil…
CNBC, May 21, 2018

Dan Eberhart, CEO of Canary LLC, discusses factors affecting the price of oil including supply, demand and infrastructure issues.

BP inks LNG deal with Venture Global
Upstream, May 21, 2018

UK supermajor BP has signed a long-term agreement for 2 million metric tonnes per annum of liquefied natural gas from a Louisiana export facility. The 20-year agreement with Venture Global LNG will begin in 2022, when its 1000-acre Calcasieu Pass facility is expected to start operations, and is on a free-on-board basis. To date, Venture Global has contracted a total of 6 million tpa with a range of European players, including Anglo-Dutch supermajor Shell, Italy’s Edison and Galp of Portugal.

This analyst says China holds the key for iron ore demand
CNBC, May 21, 2018

Paul Gray of Wood Mackenzie says China’s steel industry continues to show good demand for iron ore but will eventually level off as capacity reaches its “peak.”


From today’s Washington Examiner, Daily on Energy

SENATE COMMITTEE PASSES CARBON CAPTURE BILL

The Senate Environment and Public Works Committee Tuesday morning passed legislation promoting carbon capture, utilization, and sequestration technologies. The “Utilizing Significant Emissions with Innovative Technologies (USE IT) Act”, sponsored by a bipartisan group of senators, directs the EPA to support research for carbon capture and utilization and direct air capture. It also declares that carbon capture projects and pipelines transporting the collected carbon dioxide are eligible for expedited permitting reviews.