Alaska Administrative Code
Title 11 - Natural Resources
Part 3 - Oil and Gas
Chapter 25 - Royalty Election Under Alaska Gasline Inducement Act
11 AAC 25.030 - Qualified gas eligible for royalty inducements
Universal Citation: 11 AK Admin Code 11 AAC 25.030
Current through February 27, 2024
(a) Only qualified gas is eligible for a royalty inducement under AS 43.90.310. Qualified gas is royalty-bearing gas that is produced from a North Slope lease and shipped
(1) on the Alaska mainline in the firm
transportation capacity acquired through the bid, precedent agreement, and
transportation agreement required to qualify under
11 AAC 25.020(a)
(1) - (3);
(2) in an amount no greater than that
specified in the bid required to qualify under
11 AAC 25.020(a)
(1); and
(3) for a term of years no longer than
specified in the bid required to qualify under
11 AAC 25.020(a)
(1), excluding any option for extension of
the term of years.
(b) In addition to unprocessed gas that is qualified gas under (a) of this section, qualified gas includes
(1) condensate
recovered from qualified gas; and
(2) the following, if extracted from
qualified gas:
(A) residue gas;
(B) gas plant products;
(C) LNG.
Authority:AS 38.05.020
AS 38.05.180
AS 43.90.300
AS 43.90.310
AS 43.90.330
AS 43.90.410
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