Independent Rep. Ortiz is calling on fellow legislators to get on board with Rep. Knopp’s bipartisan coalition
Matt Buxton, The Midnight Sun, December 13, 2018
The Alaska House’s sole independent legislator to survive the 2018 elections, Ketchikan’s Rep. Dan Ortiz, is urging fellow legislators to consider joining the bipartisan coalition proposed by Kenai Republican Rep. Gary Knopp. Ortiz sent a letter to legislators this morning outlining his support for working across party lines. A copy of the letter was provided to The Midnight Sun, and Ortiz has not yet been available to respond to our request for comment.
Our Take: Rubbish. Quoting Senator McCain and Abraham Lincoln tells Alaskans nothing about what this bipartisan coalition will focus on. Ortiz was part of the more revenue, more spending on government majority in the last session while Knopp was part of the minority that was focused on less government spending and no new taxes. Tell Alaskans how you plan to bridge that great divide and why it will be good for Alaska.
Asia’s Big LNG Buyers Need More Contracts: WoodMac
Mark Smedley, Natural Gas News, December 13, 2018
Uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80mn metric tons/yr by 2030, forecasts consultancy Wood Mackenzie. The seven – CNOOC, CPC of Taiwan, Japan’s Jera, South Korea’s Kogas, PetroChina, Sinopec and Tokyo Gas – together account for more than 50% of the global LNG market. After a number of quiet years, these northeast Asian buyers (three of which are Beijing-based) have resumed global LNG contracting activity, with over 16mn mt/yr contracts announced this year. WoodMac research director Nicholas Browne said China’s quest for a lower-emission economy means its demand for gas and LNG has grown significantly, a trend that would continue.
Our Take: Good news for Alaska LNG.
Craig Medred, December 12, 2018
Alaskans embracing the idea of Chinese investment in a massive, $44 billion project to transport natural gas from the North Slope to Cook Inlet and liquefy it for shipment to Asia might want to take a close look at what is happening to the south – far, far to the south. The South American country of Ecuador hooked up with China to further resource development – most especially oil – almost a decade ago. And now, the Los Angeles Times reports, the country is “straining under a huge budget deficit caused partly by obligations to the Chinese, whose loans financed roads, dams, schools and office buildings.”
Our Take: Alaska LNG – proceed with extreme caution when dealing with China.