Things are looking up for energy infrastructure in Alaska as a new 800 mile pipeline will bring Natural Gas to a new Liquified Natural Gas facility to convert and ship it to foreign markets.
The investment will be $44 Billion dollars and should help the state's economy.
www.highnorthnews.com
The investment will be $44 Billion dollars and should help the state's economy.
Alaska Looking to Re-Enter Global LNG Market with Massive $44bn Project
The proposed Alaska LNG project has taken its next hurdle with the signing of a development agreement. The $44bn project would see Alaska export up to 20m tonnes of LNG per year starting in 2031.
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Alaska Looking to Re-Enter Global LNG Market with Massive $44bn Project
Trans-Alaska oil Pipeline passing through Alaska’s northern Brooks Range. (Source: US Geological Survey)
Published at: Jan 14 2025 - 11:14 / Updated at: Jan 14 2025 - 11:14
The proposed Alaska LNG project has taken its next hurdle with the signing of a development agreement. The $44bn project would see Alaska export up to 20m tonnes of LNG per year starting in 2031.
New York-based energy firm Glenfarne and the Alaska Gasline Development Corporation have agreed on a deal to develop the Alaska LNG project. More than a decade in the making the agreement is a key step to move the project towards realization.
Just last year the project seemed to have hit the end of the road when its board recommended shuttering the operation.
Alaska LNG looks to develop gas resources on the state’s north slope, transport them via an 800-mile (1,300 km) pipeline to a yet-to-be-built liquefaction plant in Nikiski on the Kenai Peninsula, and export the super-chilled gas via tankers to markets in Asia. . .