August 20, 2008, Anchorage, Alaska – Governor Sarah Palin today signed Administrative Order 242, directing the state Department of Natural Resources and the Department of Revenue to work cooperatively with any organization or entity committed to commercializing Alaska’s North Slope natural gas.

“This solidifies our commitment to facilitating an LNG project that is a product of market interest,” Governor Palin said. “By committing both project capital and natural gas resources to a pipeline that would transport North Slope natural gas to tidewater, an LNG project can remain an integral element of the state’s effort to deliver Alaska’s gas to market.”

Specifically, the Administrative Order instructs the two departments to provide specific kinds of support to those pursuing development of an economically and technically viable liquefied natural gas project. That support includes permitting coordination, fiscal and economic analysis, and facilitation of meetings with federal agencies.

A copy of Administrative Order 242 is available at:

http://gov.state.ak.us/pdf/A0242_Aug20-2008-2.pdf

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