“The best way I can describe it is: Every planet possible that we can think of is aligned right now,” said Brad Chastain who manages the $39-billion Alaska Liquefied Natural Gas project.
For decades, Alaska was Japan’s sole supplier of liquefied natural gas, or LNG — a version of the substance used to heat homes and electrify power plants. Those exports stopped when competition from other producers edged Alaska out of the picture.
Chastain manages the $39-billion Alaska Liquefied Natural Gas project, which would construct an 800-mile pipeline to send North Slope natural gas to Nikiski, where it would be liquified, shipped out and sold., though the steep costs of constructing the pipeline have long been too prohibitive to make it a reality.
Cahill said LNG project developers are noticing — and, like Alaska LNG, trying to push their projects to the finish line while the timing is right. That high project cost has stymied the Alaska plan in the past. And Cahill said he still sees that as a big hurdle. Plus, Persily said, he’s skeptical that buyers overseas will want to sign long-term contracts with gas companies as renewable energy picks up steam.Industry analyst Jason Feer from intelligence firm Poten & Partners said it’s true that the Gulf Coast is better positioned to deliver gas to Europe.
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