(Investing) – WASHINGTON – U.S. President Donald Trump’s energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday. Trump has touted the $44 billion Alaska liquefied natural gas project, which would deliver gas from the state’s
By Tyler Losier, Energy Reporter, Oil & Gas 360 Alaska Gasline Development Corporation receives FERC input for large proposed gas export project Last Friday, the Federal Energy Regulatory Commission (FERC) published its draft environmental impact statement (EIS) for Alaska Gasline Development Corporation’s Alaska LNG project, concluding that construction and operation would result in temporary, long-term and permanent impacts on the
From KTVA A gas pipeline project meant to send Canadian liquefied natural gas to Asia is making history — but an Alaska official says there’s still room for the state to compete in the Asian market. According to Reuters the Canada LNG project was given the green light by a group of five partners, providing the fastest route to Asia for
From Reuters Proposed project price is tagged at $43 billion WASHINGTON (Reuters) – Alaska Gasline Development Corp (AGDC) is preparing an equity offering for this summer and is open to partnering with a major energy firm on the development of its costly Alaska LNG export terminal and pipeline project, an executive said on Thursday. “We’re going to be putting forward
BP helps Alaska LNG shore up gas supply for project The wheels haven’t stopped turning in Alaska’s quest to lure the necessary resources that will push its long-desired LNG mega-project toward fruition. After sales trips to meet Asian customers, including a meeting in China with President Trump, and a lot of work behind the scenes, the Alaska LNG Project reached
From: Reuters A preliminary agreement with China for the development of a massive liquefied natural gas export project in Alaska will boost its profile, but does not ensure the $43 billion development will go ahead, analysts said on Thursday China’s biggest state oil company, Sinopec, one of its top banks and its sovereign wealth fund agreed early on Thursday to
The Center for Biological Diversity announced its attempt to intervene in Federal Energy Regulatory Commission proceedings on the state of Alaska’s plans to build the nation’s largest-ever liquid natural-gas project. Alaska LNG had been described as a “gigaproject” by those involved, with an estimated price tag of $45 to $65 billion. The Alaska LNG project until Jan. 1, 2017, involved a
Alaska determined to be an LNG exporter even when the oil and gas companies have bailed Alaska’s KTVA11 reported last night that the Alaska Gasline Development Corporation (AGDC) said in a presentation before the Senate Resources Committee on Monday that it is in discussions with ConocoPhillips (ticker: COP) about purchasing its liquefaction plant in Nikiski. Rosetta Alcantra, an AGDC spokeswoman, told KTVA
Alaska hopes to make $400 million more per year after buying TransCanada’s share of the project Last week Alaska Governor Bill Walker said that the decision to purchase TransCanada’s share of the project was the “number-one get-well card” for Alaska’s $3.5 billion budget deficit. “Today is a historic day,” said Walker. “By gaining an equal seat at the negotiating table,
All parties seem to agree, but holdup remains The state of Alaska plans to buy out TransCanada’s (ticker: TRP) share of the Alaska LNG project. Both Alaska Governor Bill Walker and TransCanada have agreed to the deal, according to Alaska Dispatch News, but the funds necessary to purchase TransCanada’s share in the project still need to be approved. Alaska LNG
Two large-scale liquefied natural gas (LNG) projects on North America’s west coast took another step forward in their development on June 1, 2015. The Alaska LNG Project was granted approval by the United States Department of Energy to export LNG to non-Free Trade Agreement countries, while the Prince Rupert Gas Transmission project in British Columbia reached agreements with several First
DOE approves export license for Alaska LNG The Department of Energy yesterday announced a conditional authorization for the Alaska LNG project to export to countries without a Free Trade Agreement (FTA) with the United States. Alaska LNG is authorized to export 2.55 Bcf/d of liquefied natural gas for a period of 30 years, according to the release from the DOE.
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