Alaskan LNG prospects remain uncertain [Gas in Transition]
Alaskan LNG prospects remain uncertain [Gas in Transition]
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Natural Gas News
Alaskan LNG prospects remain uncertain [Gas in Transition]
Summary
Despite the Biden administration’s recent re-approval of exports from the proposed Alaska LNG project, the state’s prospects of becoming an LNG exporter remain uncertain. [Gas in Transition, Volume 3, Issue 5] by: Anna Kachkova
There has been speculation recently that Alaska’s prospects of becoming an LNG exporter have improved. This comes against the backdrop of recent volatility in global gas markets, and follows the Biden administration’s re-approval of exports from the proposed 20mn metric ton/year Alaska LNG project to countries with which the US does not have a free-trade agreement (FTA). However, the project still faces significant hurdles, and the prospects of Alaska becoming an LNG exporter anytime soon remain uncertain for now. Stranded gas Alaska’s North Slope is thought to hold some of the largest natural gas resources in the world. The region contains around 35 trillion ft3 of proven gas reserves and a potential resource of another 200 trillion ft3, according to the state-owned Alaska Gasline Development ...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.