U.S. approves Alaska LNG export project

U.S. energy regulators on Thursday approved construction and operation of Alaska Gasline Development Corp’s proposed $43.4 billion LNG export project.

The Federal Energy Regulatory Commission granted a Section 3 Natural Gas Act authorization, with conditions, to the Alaska state-owned AGDC.

The LNG project will consist of liquefaction facilities on the Kenai Peninsula designed to produce up to 20 mtpa.

It also includes a 807-mile-long pipeline capable of transporting up to 3.9 bcf of gas per day to the plant.

“Today’s federal authorization is a key step in determining if Alaska LNG is competitive and economically beneficial for Alaska,” Alaska Governor Mike Dunleavy said in a statement.

“The ongoing project economic review and discussions with potential partners will determine the next steps for this project,” he added.

AGDC has previously signed deals with energy giants BP and ExxonMobil to help advance the LNG export project’s development.

The two energy giants have discovered huge gas resources in the North Slope which would feed the planned LNG facility.

Most Popular

Venture Global’s Plaquemines LNG wraps up $4 billion notes offering

Venture Global's unit Plaquemines LNG has closed a $4 billion offering of senior secured notes.

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

More News Like This

Thailand’s PTT, Glenfarne ink Alaska LNG cooperation deal

US energy firm Glenfarne has signed a cooperation agreement with Thailand's PTT for participation in the Alaska LNG project, including PTT's purchase of LNG over a 20-year term.

Glenfarne says more than 50 firms interested in Alaska LNG project

US energy firm Glenfarne said that over 50 firms have formally expressed interest in the Alaska LNG project, with a contract value exceeding $115 billion.

Glenfarne taps Worley for Alaska LNG pipeline gig

US energy firm Glenfarne has selected Australian engineering firm Worley to undertake additional engineering and prepare a final cost estimate for the Alaska LNG pipeline as it looks to achieve a final investment decision on the project.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.