LNG

China deal good news for AKLNG, but obstacles remain

Alaska LNG secured new backers during the US president’s trip to China, but the project still has hurdles to overcome Alaska LNG secured new backers during the US president’s trip to China, but the project still has hurdles to overcome.
By Therese Robinson 9 November 2017 0 28311
The Trans-Alaska pipeline. (BP plc)

Alaska has secured five partners for its three-train Alaska LNG (AKLNG) export project during United States President Donald Trump’s state visit to China. The agreement, signed in the presence of the US president and his Chinese counterpart Xi Jinping, was a success for Trump’s administration and for the state of Alaska, but few have mentioned the obstacles the $45 billion project still has to overcome before it can make an FID.

The joint development agreement signed this week includes the Alaska Gasline Development Corp. (AGDC), the...