JUNEAU — Gov. Sean Parnell said Wednesday that he met for several hours with the chief executive of BP PLC during the first leg of his European trip, touching on issues ranging from a natural gas pipeline to how Alaskans might benefit if oil taxes are cut.
Parnell said he told Bob Dudley he wants to get Alaska’s gas to market as soon as possible. Last week Parnell told an oil and gas group that if the gas market has truly shifted from the Lower 48 to the Pacific Rim, he wanted the major North Slope players — Exxon Mobil Corp., ConocoPhillips and BP — to get behind a pipeline project that allows for liquefied natural gas exports to the Pacific Rim.
He told The Associated Press that he left the meeting believing the two held a similar view that the region’s market is worth investigating.
TransCanada Corp. is working with Exxon Mobil to advance a natural gas pipeline project but it has not announced any agreements with shippers necessary to move the effort along.
On Tuesday, the president and chief executive of TransCanada, Russell K. Girling, told a conference call the continued focus of the project remains the Lower 48. But he said this is a market-driven project, “and we’ll move the gas to wherever the market decides it wants to move the gas to.”
A BP spokesman in Alaska, Steve Rinehart, said the company has studied and will continue to study the potential for liquefied natural gas. He said the goal is getting North Slope gas to market.
Rinehart couldn’t comment on specifics related to Parnell’s meeting with Dudley but said “there clearly is much they could discuss and it is good they had that opportunity.”
Parnell is in the midst of his first state-sponsored trip overseas, what he’s calling an “investment mission.” It is the latest in a series of trips that Parnell or other members of his administration have taken in an effort to tout Alaska’s development and investment potential. Later this month Natural Resources Commissioner Dan Sullivan is expected to be in China, a leading export market for the state, where among other things he plans to talk up Alaska’s gas potential.
Parnell still plans to meet with the CEOs of two other energy firms, Royal Dutch Shell PLC, Europe’s largest oil company, and Eni SpA.
He began his trip in the United Kingdom, where in addition to meeting with Dudley he also promoted one of the state’s top exports, seafood.
Parnell said he was “professionally and graciously” received by Dudley, who Parnell said he also pressed to be more specific on what kind of benefits Alaskans could see if oil production taxes were cut. The president of BP Exploration Alaska, John Minge, said earlier this year that he supported the $5 billion investments that a ConocoPhillips executive envisioned if the tax regime were changed, and said he saw that as a start “in terms of what is possible.”
Minge’s comments came as Parnell’s tax cut bill stalled in the Senate, with leading lawmakers saying they didn’t have the information they needed to make a sound policy call and some seeking firm commitments from energy companies for what Alaska would see in return if taxes were cut.
“I think that number they put out there, the $5 billion number, of new investment or additional investment, I think that’s a bare minimum from one company,” Parnell said. While other companies would benefit from tax changes, too, “I’m in this to assure that Alaskans see more investment and see more jobs.”
Parnell plans to revive the tax issue when the Legislature convenes in January.





Comments (5)
Add commentSafe to say...
...that Parnell handed out his resume to each of them. I'll bet a full tank of gas that Parnell will be working for one of them within 6 months of being voted out of office.
Oh, right...he's working for them ALREADY!
As an old, retired person
When a person knows they will be out of a job and income soon, it is always wise to plan for the future. Our Governor serves under term limits and needs to plan for his retirement as Governor.
I sure hope though that he doesn't do that at the expense of all the people of Alaska, and not special interests just to get another job.
Parnell is full of it.After
Parnell is full of it.
After tax profits are at an all time high for most corporations in this country and especially oil companies.
We do not need to "bail-out" these folks (so they create jobs) by lowering taxes, or by cutting regulations these businesses are not hiring or expanding because they are simply sitting around waiting for consumer demand to pick-up, and the demand wont pick up.
Why? Because WALL STREET killed off the economy, resulting in millions of lost jobs AND the Republicans are out cutting funding for programs we need to keep people in their jobs! Private industry Will NOT SOLVE this PROBLEM, wE NEED the Federal Government, while Interests rates are at an all time low, to increase spending as a way to pump $ into our economy as a way to put people back to work but the Republicans will not allow this to happen even though our history shows us that this is EXACTLY what needs to be done.
Republicans are "intentionally" stalling our recovery as a way to justify a give away of our public lands to industry! ( so they can create jobs, wink wink). This is what Parnell, Murkowski, Begich, and Young are up to.
We need real change, we need to get money out of our elections, we need to get Wall Street out of Congress out of our public policy.
Alaskans - We have to stand up for our forests, our land, our fisheries, our wildlife, our coast lines, lets not allow them to be destroyed by destructive industries.
Reform
Jbasset - recent surveys show that between 92% and 94% of those who have the most money to spend for their election campaigns win the elections. Money talks - and many people just listen without evaluating or questioning the advertising. They "buy" what advertisers try to persuade them to buy.... candidates to represent us and pass laws that affect all of us.
But there is "payback time" for all those contributors. They influence those they have supported to pass laws to benefit them, not the public. Those elected to office, enjoying all the benefits of being "public servants," aren't going to change the system. They go along with the auction process of holding themselves out for sale to those who contribute the most to keep them in the "good life."
The people, the voters will have to bring about change. I don't agree with all the "Occupy" people, but they may be emerging as the voice of the people in a democracy, demanding change because those who benefit most - special interests and those in office - aren't going to change on their own. The one thing each of us have, that I hope advertisers and special interests cannot "buy" is the vote we each have. The real change has to come with voter turn-outs of 70-90% so the real voice of the people is heard.
That's just my opinion.
Wally
How much do you think it cost one of the other campaigns to dig up dirt on Cain? Money buys not only advertising, but $10 million can dig up a lot of dirt and throw a lot of mud.