In addition, Southcentral's source of gas may be insufficient while huge North Slope supplies are available. Our third principle is revenues for Alaskans. Any gas project must fairly compensate Alaskans through revenues to the treasury to pay for public services and to the Permanent Fund. The gas belongs to Alaskans so Alaskans should share in the profits. First, rights of way.
Any gas pipeline requires both state and federal rights of way, along with many other permits.
Several projects on the drawing board already have some of these permits. Updating the federal environmental impact statements on any of the permits and updating state right of way could take 18 to 24 months, and my administration will work hard to ensure the work stays on track. We're hardly newcomers to this process. We expedited it with the NPRA and will do the same with our gas. We will start the state right of way process immediately in anticipation of a Lower 48 gasline application.