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flag The U.S. launched its first Alaska Cook Inlet oil/gas lease sale under a new law, aiming to boost domestic energy.

flag The Bureau of Ocean Energy Management launched the first of six mandated oil and gas lease sales in Alaska’s Cook Inlet under the “One Big Beautiful Bill Act,” opening bids on January 30, 2026. flag The sale, featuring a 10-year term, $25 per hectare minimum bid, and 12.5% royalty, requires sealed bids by March 3, with results to be announced live on March 4. flag The move aims to boost domestic energy production and support energy security, while Cook Inlet’s natural gas output rose 12.2% year-over-year in December 2025 despite a slight monthly dip. flag Concurrently, Cook Inlet LNG LLC advanced an offshore LNG import project using a Floating Storage and Regasification Unit to address declining local production and improve regional energy reliability.

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