Alaska LNG Project

That’s as the board of the state-run Alaska Gasline Development Corp. gave its president permission to sign an agreement with Houston- and New York-based pipeline developer Glenfarne to shepherd the $44 billion Alaska LNG Project to a final investment decision.

Taiwanese President Lai Ching-te said Alaska gas is conveniently located and a source of high-quality natural gas.

Different versions of the Alaska LNG project have been discussed in Alaska for decades, and there are longstanding questions about how it would pencil out.

Frank Richards is the president of the Alaska Gasline Development Corporation. The state agency is spearheading work on the $44 billion project, which would move natural gas from the North Slope through an 800-mile pipeline to Nikiski.

It isn’t the first time the U.S. has announced project progress through an agreement with another country.

AGDC won’t release the name of the company until a final agreement is reached.

The money will act as a sort of insurance policy for whichever company might take on the work.

A state-commissioned study says building a pipeline between the North Slope and Southcentral Alaska would be more economic for the state than importing gas from other countries.

Long-time oil and gas industry observer Larry Persily gave the lecture to a packed room Thursday night at Kenai Peninsula College.

Alaska politicians have recently expressed enthusiasm about Alaska Liquified Natural Gas project, which would liquify and export natural gas from Nikiski. But overseas buyers say they're not confident in the project, and aren't interested in signing contracts.