That set off a panic among the five electric utilities in the Railbelt, and Enstar, Southcentral Alaska’s natural gas utility. They rely on Cook Inlet gas for more than 80% of their fuel needs.

Just one large mobile drilling rig, the Spartan 151, still works offshore in Cook Inlet. Last week, its five-dozen workers were hustling to finish two new wells for a small oil and gas firm, Furie.

New York-based Glenfarne Group is the company in talks with state officials and local utilities to lead development of both the $44 billion Alaska LNG Project and imports of liquefied natural gas ...

Enstar Natural Gas has signed a supply contract with a Cook Inlet producer that could provide some breathing room as Southcentral Alaska utilities face a critical shortage of local gas. John Sims ...