Good news if this LNG project goes ahead
Tom KirkmanIndependent Project Manager
This will be good news indeed, if this project goes ahead.
The “decommissioning” of Nord Stream pipeline has caused havoc in energy all over the world, not just in the EU.
There will still be strong demand for LNG in the next couple decades, especially in Asia.
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“Oil companies have for decades pulled billions of dollars of natural gas from Alaska’s rugged North Slope, only to pump it back underground once it’s been separated from the crude oil they are seeking.
More than 800 miles from the closest ice-free port accessible to ships, the North Slope has no natural gas pipeline and thus no market for companies such as Exxon Mobil and Conoco Phillips to sell their gas into.
Now a planned $44 billion project that would pipe gas the length of Alaska to an LNG terminal outside Anchorage stands to change all that as state officials, with the support of the Biden administration, seek to breathe new life into the state’s declining oil and gas industry by shipping the gas across the northern Pacific to South Korea and Japan. …”