Alaska LNG Project leaders meet with South Korean officials

ANCHORAGE, Alaska (KTUU) – Leaders of the Alaska Liquified Pure Fuel Challenge met with South Korean authorities leaders and potential patrons in Washington, D.C. on Thursday.

The LNG undertaking, which has been in growth for many years and is estimated to provide 3.5 billion cubic ft of pure gasoline per day, is anticipated to ship a lot of its product to the worldwide market.

“I’d say it was relationship constructing. And it was a chance once more, to reunite with people that I’ve met with earlier than in Korea. And once more, it’s all the time good to have that private interplay,” President of Alaska Gasline Improvement Company Frank Richards mentioned.

Sen. Dan Sullivan mentioned that the pure gasoline will before everything go to Alaskans, however that there’s loads of extra gasoline that may go to U.S. allies.

“I went to Korea and I met with the president. He was very within the Alaska LNG undertaking, as a result of our allies in Asia specifically, need to get off Russian oil and gasoline — they must — and lots of them are in some ways hooked on it,” Sullivan mentioned.

Each Sullivan and Richards mentioned that the LNG undertaking could be a web unfavourable for carbon emissions, saying the usage of gasoline in a few of the nations buying LNG would doubtless offset the usage of coal, which produces larger emissions.

Richards additionally famous the Arctic carbon seize plant, which might be the place these working within the LNG undertaking, “would seize that gasoline, pressurize it after which push it again down right into a separate a part of the Prudhoe Bay Basin the place it will likely be then sequestered.”

However there are nonetheless environmental organizations which might be in opposition to the LNG undertaking on the idea that it could be a carbon bomb, saying it could expel over 2 billion tons of carbon into the ambiance, or 10 occasions greater than the not too long ago accredited Willow Challenge.

“When you introduce an entire new provide of gasoline, that can usually scale back costs and improve demand. And so in consequence, you’ve gotten extra web emissions total,” Earthjustice senior lawyer in Juneau Erin Colón mentioned.

Colón additionally mentioned that whereas it’s higher that carbon dioxide be pushed again into the bottom, it’s not a lot totally different from different LNG initiatives as they use that carbon to take care of stress.

The LNG undertaking could be developed in Prudhoe Bay with an 807-mile-long pipeline that may transport the gasoline to the liquefaction facility in Nikiski earlier than promoting in home and worldwide markets.

Richards mentioned the undertaking is eighteen to 24 months away from a ultimate funding resolution, after that it could take about six years of building earlier than LNG from the positioning would enter the market.

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