Lawmakers and oil and gas experts are once again echoing skepticism that royalty relief is not the answer to solving fears of a potential natural gas shortage in the Cook Inlet
ANCHORAGE, Alaska - Lawmakers and oil and gas experts are once again sharing skepticism that royalty relief is not the answer to solving fears of a potential natural gas shortage in the Cook Inlet.
“I think that the lack of interest, even in zero royalty leases, is a good indicator that that’s not the barrier for companies coming in and showing interest in developing the natural gas and Cook Inlet,” said Sen. Cathy Giessel, R-Anchorage.“The problem and Cook Inlet is there’s a constraint of capital.
But he thinks the lack of interest may be more about the leases belonging to land that has never been drilled before, with unknown potential.
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