HOUSE SPECIAL COMMITTEE ON OIL AND GAS                                  
                   March 25, 1997                                              
                      8:42 a.m.                                                
                                                                               
                                                                               
COMMITTEE CALENDAR                                                             
                                                                               
LIQUEFIED NATURAL GAS - MARKET TRENDS                                          
                                                                               
TAPE(S)                                                                        
                                                                               
97-14, SIDE(S) A & B                                                           
                                                                               
CALL TO ORDER                                                                  
                                                                               
Representative Hodgins, Chairman, convened the House Special                   
Committee on Oil and Gas meeting at 8:42 a.m.                                  
                                                                               
PRESENT                                                                        
                                                                               
Committee members present at the call to order were Representatives            
Hodgins, Bunde, Kemplen and Ryan.  Representative(s) Ogan arrived              
as the meeting was in progress.                                                
                                                                               
SUMMARY OF INFORMATION                                                         
                                                                               
WILSON CONDON, Commissioner, Department of Revenue, presented his              
opening remarks.                                                               
                                                                               
DEBBIE SEDWICK, Assistant Commissioner, Division of Trade and                  
Development, Department of Commerce and Economic Development,                  
introduced Alaska's overseas representatives and explained each                
representative's country's role in the liquid natural gas market.              
                                                                               
KOJIRO ABE, Tokyo Trade Representative, State of Alaska, discussed             
the energy market in Japan for Alaska's energy resources.                      
                                                                               
MARIKO KURODA, Japan Energy Specialist, State of Alaska, answered              
the committee's questions on the extension of energy contracts.                
                                                                               
K.S. YANG, Korean Trade Representative, State of Alaska, discussed             
the energy market in Korea and answered the committee's questions              
on his testimony.                                                              
                                                                               
IDA YAO, Taiwan Trade Representative, State of Alaska, presented an            
overview on Taiwan's energy market.                                            
                                                                               
COMMITTEE ACTION                                                               
                                                                               
The committee took no action.                                                  
                                                                               
                                                                               
ADJOURNMENT                                                                    
                                                                               
The meeting was adjourned at 10:54 a.m.                                        
                                                                               
NOTE:                                                                          
                                                                               
The meeting was recorded and handwritten log notes were taken.  A              
copy of the tape(s) and log notes may be obtained by contacting the            
House Records Office at 130 Seward Street, Suite 211, Juneau,                  
Alaska 99801-1182, (907) 465-2214, and after adjournment of the                
second session of the Twentieth Alaska State Legislature, in the               
Legislative Reference Library.