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Energy Company Offers Alabama Incentives

By Alabama Public Radio

Dauphin Island, AL – ConocoPhillips is trying to sweeten the deal for its plans to build a liquefied natural gas terminal off the Alabama coast. State and federal regulators are still reviewing the proposal. ConocoPhillips is now offering the state some guaranteed incentives, including a guaranteed supply of natural gas. The company says it's willing to dedicate as much as a fifth of the terminal's capacity for use in Alabama. The state would receive the option to purchase up to 200 million cubic feet of gas per day at market rates. The terminal would be built in federal waters about 12 miles south of Dauphin Island.

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