New York-based energy firm Glenfarne and the Alaska Gasline Development Corporation have signed a development agreement for an LNG project worth $44 billion to export up to 20m tonnes of LNG per year starting in 2031.
High North News reports that 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.
Alternative proposals had also envisioned a liquefaction plant in Alaska’s north to transport the LNG on ice-breaking LNG tankers similar to Russia’s approach at Yamal LNG and Arctic LNG 2. It would begin piping natural gas and liquefying it in 2031.
“Glenfarne confirms it has entered into an exclusive agreement with the Alaska Gasline Development Corp. for the development of the Alaska LNG project, including the Alaska export facility, pipeline, and a carbon capture facility,” Glenfarne Energy Transition confirmed in a statement.
Theodor Lisovoy, Managing Editor, Rough&Polished
