The Alaska Gasline Development Corp.'s board approved signing an agreement with Glenfarne to shepherd the $44 billion Alaska LNG Project to a final investment decision.
Alaska Gasline Development Corp. President Frank Richards addresses board members during a special meeting on Thursday, Mar. 27, 2025 from Tokyo, Japan. . I’ll get excited when pipe is ordered. I’ll get excited when it’s welded.
I’ll get excited when gas is going through it. I’ll really get excited when we flick on the switch and we’re guaranteed that Alaska gas. So I would just say, stay tuned.”from Taiwan’s state-owned CPC Corporation. And though the letter is nonbinding, Richards says it’s a big step towards making the project a reality. “Six million tons represents one train of the Alaska LNG,” he said. “So it’s significant for us, and that has then drawn significant interest in review by the other countries that we’re talking to.” Richards said he and Dunleavy had also met with officials and energy companies in South Korea, Japan and Thailand. But some have questioned the extent to which foreign interest is the result of tariff threats from the White House. Dunleavy says there are concerns about international trade. But he says there’s also demand for natural gas. “Asian countries are needing gas,” he said. “The question is, where are they’re going to get it from? And Alaska, in many cases, is closer to them, and we believe it could be delivered at a price that works better than other localesThough Thursday’s decision is a step forward, it’s still unclear whether enough investors will sign on for the project to be built.is our partner station in Kenai. KTOO collaborates with partners across the state to cover important news and to share stories with our audiences.
State Government Alaska Gasline Development Corp. Alaska LNG Project Glenfarne Group Natural Gas Pipeline
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State approves confidential deal with developer to move gasline project forwardThe Alaska Gasline Development Corp.'s board approved signing an agreement with Glenfarne to shepherd the $44 billion Alaska LNG Project to a final investment decision.
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