But is Alaska itself, particularly now that it has decided to become a co-investor in the Alaska LNG project, following global best practices in its dealings with the industry. The answer may be no.
One of the most successful governments in the world in terms of maximizing benefit to its citizens from the development of its resources is Norway. By partnering with industry, Norway has both successfully slowed the decline curve in oil and gas production and successfully developed a global gas and LNG industry. In addition, Norway is maintaining a strong exploration program at a time that, even under SB 21, Alaska’s continues to struggle. Continue reading