Alaska’s $44B natural gas pipeline project attracts foreign interest

A MAJOR NATURAL GAS PIPELINE PROJECT IN ALASKA-

WHICH COULD BE AMONG THE LARGEST IN THE WORLD-

IS ATTRACTING INTERNATIONAL INTEREST.

PRESIDENT TRUMP ANNOUNCED TUESDAY JAPAN, SOUTH KOREA AND OTHER NATIONS ARE LOOKING TO PARTNER WITH THE U.S. ON THIS 44 BILLION DOLLAR DEVELOPMENT.

TRUMP SAID THESE COUNTRIES COULD INVEST WHAT HE DESCRIBED AS TRILLIONS OF DOLLARS EACH.

THE PROJECT, KNOWN AS ALASKA LNG, INVOLVES BUILDING AN 800-MILE PIPELINE FROM NATURAL GAS FIELDS NORTH OF THE ARCTIC CIRCLE TO SOUTHERN ALASKA-

WHERE THE GAS WOULD THEN BE LIQUEFIED AND SHIPPED TO ASIA.

INTERIOR SECRETARY AND CO-CHAIR OF THE NATIONAL ENERGY DOMINANCE COUNCIL, DOUG BURGUM, SAYS THE PIPELINE WOULD ALLOW THE UNITED STATES TO INCREASE ENERGY EXPORTS TO ITS ALLIES-

AS WELL AS GENERATE REVENUE FOR THE U.S. TREASURY.

THE SOUTH KOREAN MINISTER OF TRADE, INDUSTRY AND ENERGY REVEALED HE HAD DISCUSSED THE PROJECT WITH U.S. OFFICIALS DURING A VISIT TO WASHINGTON LAST WEEK-

AND THE TWO COUNTRIES HAD ESTABLISHED A WORKING LEVEL GROUP TO ADVANCE TALKS.

MEANWHILE, JAPAN’S PRIME MINISTER SAID EXPANDING AMERICAN LNG IMPORTS TO HIS NATION WOULD MEET BOTH JAPANESE AND U.S. INTERESTS.

THIS POTENTIAL FOREIGN SUPPORT IS EXPECTED TO GREATLY BENEFIT THE FEASIBILITY OF THIS PROJECT-

WHICH IS FACING HIGH COSTS AND LOGISTICAL HURDLES.

FOR STRAIGHT ARROW NEWS, I’M KARAH RUCKER.