Petersburg Pilot -

ANCHORAGE, Alaska (AP) — A second major oil company has agreed to key terms for the sale of Alaska North Slope natural gas to a state-sanctioned corporation that seeks to build a $34 billion liquefied natural gas project, including an 800-mile (1,287-kilometer) pipeline to move gas to an ocean port.

The Alaska Gasline Development Corp. announced Monday that ExxonMobil has committed to a price and volume basis for the sale of natural gas from fields at Prudhoe Bay and Point Thompson along the state’s north coast.

The development corporation reached a parallel agreement with BP in May. Ne...