Geothermal lease sale being prepared for Augustine Volcano site in Alaska
The State of Alaska is preparing for a competitive lease sale for geothermal permits at Augustine Volcano in the Cooke Inlet of the State.
In a final report, published by the Oil & Gas Division of the Alaska Department of Natural Resources, it was concluded that a goethermal lease sale at Augustine Volcano, a peak in the southern part of the Cook Inlet in the U.S. State of Alaska would be in the best interest for the state.
An announcement on timing etc. is targted for early spring according to the local news outlet Alaska Beacon.
We previously reported on geothermal development ambitions at the Augustine Volcano. GeoAlaska LLC already holds a geothermal prospecting license for one part of Augustine since 2022. Now three companies have notified the Division of Oil and Gas on their interest in exploring the geothermal resources beyond the area with a permit by GeoAlaska.
With these expressions of interest by potential developers for geothermal projects warranted now the decision for a competitive tender due to competing interests.
Source: Alaskan Beacon
