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Project Insights

Chinese agreement expiration to put Alaska LNG on ice

Alaska LNG’s developer will allow an agreement with Chinese backers to expire – a sign that the massive project has lost momentum amid the escalating US-China trade war Alaska LNG’s developer will allow an agreement with Chinese backers to expire – a sign that the massive project has lost momentum amid the escalating US-China trade war.
By Colin Shek 26 July 2019 Americas / LNG 0 34434
A tanker in Alaskan waters. (Shell)

The Alaska LNG project appears to have been stalled by the year-old trade war between the United States and China, after the project developer said a joint development agreement (JDA) signed with major state-owned Chinese partners nearly two years ago will be allowed to expire.

The JDA that Alaska Gasline Development Corp. (AGDC) signed in November 2017 with Sinopec, China Investment Corp. (CIC) and Bank of China will not be renewed, AGDC’s interim president, Joe Dubler, told a meeting of...