Alex Demarban

An Alaska development agency on Wednesday moved to provide a commitment of $50 million that will act like an insurance policy to allow the long-challenged Alaska LNG project to move ahead.

Construction wages rose the most, to $93,472, up 10% from $84,870 in 2022.

Construction wages rose the most, jumping 10% to $93,472, while oil and gas workers had the highest average wages at $181,143.

The Arctic National Wildlife Refuge's coastal plain in summer. (Loren Holmes / ADN)

ANCHORAGE, Alaska — The Biden administration said Monday it will hold the second lease sale for potential oil and gas exploration in the Arctic National Wildlife Refuge on Jan 9.

Pipes lead to cooling fans, at right, at the Cook Inlet Natural Gas Storage Alaska facility on Monday, July 1, 2024 in Kenai.

An Alaska development agency has moved to provide a commitment of $50 million that will act like an insurance policy to allow the long-challenged Alaska LNG project to move ahead.

The Arctic National Wildlife Refuge's coastal plain in summer. (Loren Holmes / ADN)

But Enstar’s president warned of risks as some of the gas supply will depend on future drilling.

The ruling is a setback for Oil Search, which is developing the giant Pikka oil field. But the judge also issued a stay in the case, delaying any changes, at least for now.