Alaska Gasline Development Corporation announced that they have signed a Heads of Agreement (HOA) with ExxonMobil, BP, ConocoPhillips, and TransCanada Corp., regarding the proposed Alaska LNG project, which would provide gas to Alaskans and be one of the largest export projects of its kind in the world. This agreement is essential to establishing the commercial structure of this project and will allow the project's investors to move this project. The HOA provides a roadmap for the Alaska LNG Project to ramp up the Pre-Front End Engineering Design (Pre-FEED) stage and establishes a framework for negotiating multiple project-enabling agreements.

It outlines significant participation by AGDC, including a new subsidiary to carry the state's interest in the project, and specifically recognizes that AGDC will continue to pursue the ASAP instate gasline project.