And Today …
…we draw reader attention to the enormous waste of money called the Alaska LNG Project.
…we will draw attention to the enormous waste and foolish decision making accompanying the subsidized, so-called Interior Energy Project: a misguided and uneconomic effort to provide ‘affordable’ gas to the Fairbanks area. What do the two projects have in common: Alaska Governor Bill Walker, their biggest advocate!
1. News. State still seeking major LNG customer by year-end, Alaskajournal.com The Alaska Gasline Development Corp. won’t be asking for additional … pursue the Alaska LNG Project and the smaller Alaska Standalone Pipeline, known as the ASAP project. … “Are we going to be able to deliver a gas customer?
2. Comment: Alaska’s government controlled, bureaucrat run LNG export project is uneconomic today. Nevertheless, at a time when the state’s subsidy-supported government is withering in face of a fiscal crisis, Governor Bill Walker still allows millions to be spent romancing potential Asian buyers. But Larry Persily’s links today demonstrate how foolhardy it is for Alaska’s remote, high cost gas, its high industry salaries, its unpredictable climate and geology and its expensive logistics to compete with so many ECONOMIC tidewater LNG projects. In the current and foreseeable low cost gas environment, Alaska’s competitors are mostly at tidewater, with lower labor and logistical costs and don’t have to build an 800 mile Arctic gas pipeline just to get the gas to a tidewater liquefaction plant.
j. (Note: the above are just a few of Alaska’s more economically viable competitors!)
So why aren’t all of these sophisticated folks begging to be a part of an Alaska LNG project. Why? Same reason the state’s three top producers have said, “Now is not the time”.