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He says bringing the federal government on to the project could “dramatically lower the cost of capital.”
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PTT Public Company Limited signed an agreement for “strategic participation” in the project. If the agreement evolves into a binding contract, the company would be on the hook for 2 million tonnes of LNG per year for 20 years.
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Glenfarne’s founder and CEO says he’s taking the project one step at a time.
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Within hours of returning to the country’s highest office Monday, President Donald Trump formalized his support for the $44 billion Alaska LNG Project.
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If it’s built, Enstar’s import facilities would share space in Nikiski with the proposed export facilities of the $44 billion natural gas pipeline.