The U.S. Federal Energy Regulatory Commission (FERC) approved this week the construction and operation of the Alaska LNG project estimated at US$43 billion, which has been years in the planning but still lacks investor commitments for its completion. FERC authorized on Thursday the Alaska Gasline Development Corporation (AGDC)—an independent, public corporation of the State of Alaska—to liquefy and export liquefied natural gas (LNG) from the North Slope to an export facility in Nikiski, Alaska. The Alaska LNG Project consists of a Gas Treatment Plant on Alaska’s North Slope, an 800-mile pipeline, and an LNG facility in Nikiski, Alaska, and is estimated to cost US$43.4 billion . Commenting on FERC’s project authorization, Alaska Governor Mike Dunleavy said : “Today’s federal authorization is a key step in determining if Alaska LNG is competitive and economically beneficial for Alaska. I commend the AGDC team for their diligence. The ongoing project economic review […]