Government subsidized Fairbanks natural gas scheme plods on…
…with insufficient customer base, insufficient long term gas supply, high cost barriers to fuel oil/gas conversion.
This is one of two large, socialized, Alaska energy projects that politicians continue to subsidize in the midst of a fiscal crisis highlighted by deficit budgets. Neither the AGDC nor the IEP natural gas projects would now be burning cash if they were controlled by prudent, free market investors. See references, below. -dh
LNG tank construction a sign of progress for Interior gas project (IEP), Alaskajournal.com, Backhoes are back digging in south Fairbanks as construction work is again underway on the Interior Energy Project. Ground-turning work on the effort to expand the natural gas supply to the region had been on hold since the summer of 2015 as IEP leaders looked revise the scope of the project in the …
China Metal Tariff Spotlights Alaska LNG Scheme
Factbox: Trump’s metal tariffs put spotlight on US-China commodity trade, Platts. During Trump’s China visit, Sinopec, CIC Capital Corporation, Bank of China, Alaska Gasline Development Corporation, and the state of Alaska agreed to develop the $40 billion, 20 million mt/year Alaska LNG project comprising three liquefaction trains at Nikiski in south central Alaska, an 800 mile gas …
Walker seeks to deepen trade ties with China. KTOO. Alaska’s Gasline Development Corporation (AGDC) is also seeking to partner with China. The state is working to develop a massive liquefied natural gas export project and hopes to partner with an investment bank, sovereign wealth fund and a China-owned oil company. Walker and AGDC head Keith … A growing partnership – Mat-Su Valley Frontiersman. Walker puts out call to join trade mission to China….