Competitive Framework for Alaska: 2012

International competition Natural Gas The Pacific market is very competitive Current major new LNG suppliers in the Pacific LNG market are Australia and Papua New New Guinea. Government take is less than 50% for dry gas. Offshore and onshore conventional gas production in China is also significant. Chinese owned companies often benefit from a system where China does not participate on a carried basis, resulting in a government take of 42% for dry gas. In addition to the conventional gas resources, China has in situ 1300 Tef of coal bed methane gas and 1100 Tcf of shale gas. 53

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