Governor of Alaska: Benefits of the LNG Pipeline State. Exports to Asia become possible
R-Alaska Governor Mike Dunleavy discusses whether the US should buy Greenland and whether it should buy a $44 billion investment in the “Varney & Co.” natural gas pipeline.
Alaska Gov. Mike Dunleavy said Thursday on “Varney & Co.” The state’s $44 billion liquefied natural gas (LNG) project is withdrawing investment interest from Asia.
At the heart of the Alaska LNG project is a pipeline of over 800 miles to travel Natural gas It will range from the north slope to Nikiski, a town in southern Alaska.
The Alaska Gasline Development Corporation (AGDC) has fixed the average amount of gas that the pipeline can carry at 3.5 billion cubic feet each day. On its website, it said that “many” of it will be shipped to “international markets” like the North Pacific.
A general view of Brooks’ range as seen from Dalton Highway in North Slope District, Alaska on May 10, 2024. The Dalton Highway (Alaska Route 11) extends 414 miles across northern Alaska to Livengood (53 miles north of Fairbanks). (Lance King/Getty Images/Getty Images)
“We were in Asia for a few weeks. We went to Taiwan, Thailand, Korea and Japan. They’re interested in gas pipelines,” Dunleavy told host Stuart Varney.
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“In Taiwan, for example, they sign LOI, letters of intent, leading to a permanent contract of 6 million tonnes of gas.” The governor said. “I think this is the biggest offtake of one offtaker in LNG history. They also talked about actual investments in the pipeline itself.”
Dunleavy posted on its Facebook page in late March about the LOI that Taiwan’s state-owned CPC Corporation had inked its Alaska LNG project.
Dunleevee said on Thursday that “serious debate” in Thailand, South Korea and Japan also “serious debate” about “they can invest in gas pipelines and offtakes.”
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This project has been in the works for quite some time.
“There is all the permissions for this project, and all of them have that right, so we beat all the lawsuits to date,” Dunleavy said. “We’re actually looking at placing the pipeline itself. The liquefaction plant actually sends the gas later, but we’ll place the pipeline so that Alaska itself can get the gas. Our goal is two and a half years to place this 42-inch pipe.
Governor Mike Dunleavy (R-AK) will speak at the Capitol Christmas Tree Lighting Ceremony in Washington, DC on December 3, 2024. (Getty Images/Nathan Posner via Getty Images/Anadoru)
“We’re making the final decision investment. At least Glenfern Will is the private investor and leading outfit for this project, perhaps by September, by the latest August.”
According to a press release, Glenfarne signed a deal with AGDC in March and then became the owner and lead developer of the majority of the Alaska LNG project in March.
The project will benefit For AlaskaAccording to the state governor. As of 2024, over 740,000 people lived in Alaska.
“I think it’s going to be 60 years, Prosperity“He told Varney. There are many military bases in Alaska. We are on the frontier with some pretty dangerous neighbors. As the gas fields in our cooking inlet have been running out for years, this means that our base definitely has fuel. Our utility has fuel.”
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He also said the state will “look a lot at manufacturing and data farms and more in the future.”
Oil and gas are key parts of Alaska’s economy. Other large industries in the state include tourism, fishing, timber and mining.