A proposed $43.4bn LNG export project in Alaska, Canada has been given the green light by the Federal Energy Regulatory Commission (FERC).
The decision means construction and operation can get underway at the long-awaited Alaska LNG Project, an integrated pipeline project that includes a treatment facility on the North Slope, an 800-mile long pipeline and liquefaction facility at tidewater.
“Today’s federal authorisation is a key step in determining if Alaska LNG is competitive and economically beneficial for Alaska,” said Alaska Governor Mike Dunleavy.
The FERC granted permission to the Alaska Gasline Development Corporation (AGDC) yesterday, culminating six years of public input, engineering, science-based environmental research, and cultural resource studies incorporating more than 150,000 pages of environmental, engineering, and cultural data.
“FERC’s authorisation validates that the Alaska LNG Project can be safely built and operated, delivering numerous potential benefits with manageable environmental impacts,” AGDC President Frank Richards said.
“This approval, a major milestone in the development of the project, signifies the completion of a rigorous and comprehensive evaluation that has engaged environmental and energy experts at dozens of federal and state regulatory agencies.”
“Obtaining FERC approval significantly de-risks the project execution with defined environmental stipulations.”
“Our momentum continues as we complete our assessment of the project’s economics and competitiveness, and engage with potential project partners to determine the best path forward for the Alaska LNG Project.”
“The Alaska LNG Project presents an opportunity to unlock significant benefits from Alaska’s stranded North Slope natural gas, including a new reliable and affordable clean energy source, the creation of a substantial number of high-paying construction and operations jobs for Alaskans, and long-term US energy security.”