Alaska looking to study LNG issues

JUNEAU, Alaska (AP) -- Alaska is seeking help in studying how its royalty share of North Slope gas may impact a major liquefied natural gas project.

When the state issues leases, it gets the right to a royalty. It can take that in payments from companies or by taking a share of the gas, which means the state would have to market the gas.

The state is willing to spend up to $800,000 for a contractor to help officials analyze the issue, and help officials better understand their options. The deadline for companies to submit proposals is May 20.

Deputy Natural Resources Commissioner Joe Balash says the state is seeking help to better sort out which option would be more advantageous.