LNG

Funding for Alaska LNG on hold

The state of Alaska will not fund any further promotions for the proposed Alaska LNG project, Governor Bill Walker told members of the Resource Development Council last week.
By Staff reporter 11 September 2017 0 27529

The state of Alaska will not fund any further promotions for the proposed Alaska LNG project, Governor Bill Walker told members of the Resource Development Council last week.

“I’m not putting any money in my budget for next year for the gas pipeline,” Walker said according to local media.

The 20 mtpa LNG project would cost more than $40 billion to construct, and budget shortages are “draining state reserve accounts”, he said.  

“I’m doubtful that we can continue the project without firm commitments, once the present state...