Alaska South Central LNG Terminal
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Alaska South Central LNG Terminal was a proposed LNG terminal in Alaska, United States. There have been no development updates in over two years and is presumed to be shelved.
Contents
Location
The terminal is planned for Nikiski, Alaska.
Project Details
- Owner: Alaska Gasline Development Corporation
- Parent: State of Alaska
- Location: Nikiski, Alaska, United States
- Coordinates: 60.707778, -151.262778 (approximate)
- Capacity: 24.5 mtpa, 3.5 bcfd
- Status: Shelved
- Type: Export
- Start Year: 2024
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Alaska South Central LNG Terminal was a proposed LNG terminal in Alaska, United States.[1]
The project would deliver 3.5 billion cubic feet of natural gas a day from Alaska's North Slope gas fields through a proposed 800-mile pipeline to the terminal, much of which will be for international export to Asia.[2][3] The project is projected to be the most expensive energy project in North American history.[4]
The proposal originally involved BP, ConocoPhillips, and ExxonMobil, as well as the state-owned Alaska Gasline Development Corporation. But the private oil companies pulled out of the project as an LNG surplus has depressed gas prices. Alaska’s Gasline Development Corporation, the only party committed to pursuing the project, submitted its application to FERC on April 17, 2017. Alaska’s application asks FERC to approve the project by December 2018 so that it can have the project operational by 2024.[5]
In November of 2017, China’s biggest state oil company, Sinopec, one of its top banks and its sovereign wealth fund agreed to fund development. The announcement, made with fanfare as part of U.S. President Donald Trump’s state visit to China, lacked details about binding offtake agreements or financing. It is not known how this will effect development.[6]
There have been no development updates in over two years and is presumed to be shelved.
Opposition
Gov. Bill Walker has asked the Trump administration for fast-track approval of the project and to exempt it from dozens of environmental rules. On May 22, 2017 the Center for Biological Diversity filed a motion against the proposal, saying the project endangers the Cook Inlet beluga whales and North Pacific right whales.[5]
Articles and resources
References
- ↑ Alaska South Central LNG Terminal , A Barrel Full, accessed April 2017.
- ↑ "Alaska LNG Project Overview," Alaska LNG, accessed May 7, 2017.
- ↑ "Governor touts U.S.-China deal as helping Alaska LNG, but analysts are doubtful," Alaska Dispatch News, May 25, 2017
- ↑ "Alaska LNG provides more details on project construction," Kenai Peninsula Borough Mayor's Office, 28 June 2016.
- ↑ 5.0 5.1 "Legal Action Challenges Nation's Largest Liquefied Natural Gas Project," Center for Biological Diversity, 22 May 2017.
- ↑ Julie Gordon,China deal seen as no guarantee for Alaska LNG export project Reuters, November 9, 2017.
