08/15/11 - 10:51am
Buccaneer Energy announced that it will sell natural gas from its Kenai Loop well to Enstar as early as December.
The contract is conditional on approval from the Regulatory Commission of Alaska.
The contract with Alaska Pipeline Company and Enstar Natural Gas Company, which are subsidiaries of SEMCO, to sell gas from its Kenai Loop sets a firm price once the Cook Inlet Natural Gas Storage facility comes online. That is scheduled for April 2012.
According to Buccaneer’s statement, gas sales would likely begin in December.