The future of the proposed Alaska LNG project could be decided by the end of the year, according to the private energy firm that last month acquired a majority stake in developing the first phase of the estimated $44-billion export terminal and feeder pipeline from a state-owned entity.
New York City-based energy infrastructure developer and operator Glenfarne Group LLC, which agreed to buy a 75% stake in the project from Alaska Gasline Development Corp., says it will soon begin front-end engineering and design on Alaska LNG, including an 807-mile, 42-in.-dia pipeline that will carry up to 3.3 billion cu ft of gas per day to a new liquefaction facility in Nikiski, southwest of Anchorage. That facility will have the capacity to produce 20 million tonnes of LNG per year for transport via tankers to overseas markets, particularly in Asia.
The future of the proposed Alaska LNG project could be decided by the end of the year, according to the private energy firm that last month acquired a majority stake in developing the first phase of the estimated $44-billion export terminal and feeder pipeline from a state-owned entity.