Competitive Framework for Alaska: 2012

Competitive Framework for Alaska: 1997 Petroleum economic environment: Oil price low • European and Asian gas prices low • LNG trade limited • Focus on conventional oil and gas • Conventional oil production in US declining Competitors of Alaska: • Latin American, African and Asian developing countries Main LNG competitor: Qatar contracts Method of determining fiscal terms by competitors: • Negotiations of production sharing resulting typically in tough terms 16

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