ExxonMobil wants more predictability in Alaska policies

Oil company among those pressing for assurances on tax rates

Posted: Sunday, January 24, 2010

The president of ExxonMobil Production Co. said Friday that Alaska is in an "enviable position" to provide natural gas to the state, the Lower 48 and Canada.

Rich Kruger said his company is ready to be a part of projects such as a long-hoped-for major gas pipeline in Alaska. But, he said, said the state also must step up.

In remarks prepared for a speech Friday to an energy conference in Anchorage, Kruger again called for predictable financial terms for those committing to the project, and he pushed for development at Point Thomson.

The company provided a written copy of the speech to reporters.

ExxonMobil has been among the companies pressing for long-term assurances on tax rates, something the state and Gov. Sean Parnell have been loathe to give. Parnell on Thursday cited constitutional limits and his belief it's in the state's interest to negotiate with a single project - not a myriad of companies - on the matter.

The state and ExxonMobil Corp. also have been locked in a legal dispute over leases on the North Slope natural gas field known as Point Thomson. Kruger called that region key to the success of a proposed pipeline project.

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