Alaska Gasline Development Corp. board terminated its Chief Executive Officer, Keith Meyer, Thursday and replaced him with Joe Dubler, a previous AGDC vice president, as acting CEO. Meyer’s departure was not unexpected and is one of a series of changes new Alaska Gov. Mike Dunleavy is likely to make in the state-owned gas corporation.
“Keith M. Meyer is hereby relieved of his duties as Alaska Gasline Development Corp. president,” the corporation’s boards said in a resolution.
Meyer’s replacement by Dubler is effective immediately, the board resolution said. Dunleavy also replaced four of the corporation’s seven board members last week.
AGDC is managing development of the Alaska LNG, a proposed $43 billion project to bring 35 trillion cubic feet of confirmed North Slope gas to market. The project includes an 800-mile, 42-inch pipeline from northern to southern Alaska, a gas treatment plant on the North Slope and a large LNG project at Nikiski, on the Kenai Peninsula.
If built, the project would export up to 20 million tons per year of LNG, mostly to Asian markets.
Meyer was hired by AGDC under the administration of former Gov. Bill Walker, who was defeated in his bid for reelection by Dunleavy in early November.
Dubler has an extensive background in public finance with Alaska Housing Finance Corp., the state housing corporation, and worked as commercial lead for AGDC from 2010 to 2016 when the state corporation was a one-fourth partner with three North Slope producers in the Alaska LNG Project.
BP, ConocoPhillips and ExxonMobil have since withdrawn from participation, leaving the state corporation as leading the project. The producers have agreed to sell gas to Alaska LNG, now led by the state.
In late 2017 Alaska signed agreements to negotiate for sales of LNG and equity investment with three Chinese companies, Sinopec, Bank of China and China Investment Corp. Agreements were to have been concluded by Dec. 31, 2019, but the deadline has been extended to June, 2019, partly because of ongoing U.S.-China trade disputes.
Dunleavy, the new governor, has been critical of the idea of the state leading a large LNG project but has expressed a willingness for AGDC to continue regulatory work toward a certification by the Federal Energy Regulatory Commission, and continued negotiations with the Chinese companies.