At a joint chamber luncheon hosted by the Kenai Chamber of Commerce on Wednesday, the Alaska Oil & Gas Association (AOGA) shared a strong outlook for the state’s energy sector.

AOGA, a professional trade group representing most companies involved in oil and gas development across Alaska — including the North Slope, Cook Inlet, and offshore — reported higher-than-expected 2024 investments.

Sierra Minder, Interim Director of AOGA, said between $5.6 and $5.8 billion was spent this year, with over 1,000 local vendors involved. Looking ahead, an additional $22 billion in investment is projected between 2025 and 2030.

“More and more companies are coming to the table and saying, ‘OK, maybe Alaska is a place where I can do business,” said Minder.

Minder emphasized that Alaska’s long-term appea

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