Army Corps OKs Construction For $65B Alaska LNG Project

Law360, New York (October 29, 2012, 3:36 PM EDT) -- The U.S. Army Corps of Engineers on Friday gave ExxonMobil Corp. the green light to fill in more than 200 acres of wetlands to make way for a $65 billion natural gas extraction and export project on Alaska’s northern border.

The permit comes after years of federal delays and allows Exxon to begin developing Point Thomson, thought to be the second-largest natural gas field in all of Alaska, with estimated reserves of  8 trillion cubic feet of gas and hundreds of millions of barrels of condensate...
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