Competitive Framework for Alaska: 2012

Competitive Framework for Alaska: 2012 Petroleum economic environment: • High oil prices • High European and Asian gas prices Booming LNG trade Focus on unconventional oil and gas • Oil production in US and Canada increasing Competitors of Alaska: Lower 48 USA, Canada, Russia and Brazil Main LNG competitor: Australia Method of determining fiscal terms by competitors: Fixed and usually attractive fiscal terms. 17

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