New estimate reduces Alaska LNG project cost, but economics still challenging

An updated cost estimate for the proposed Alaska LNG project has trimmed $5 billion from the construction price, but the cost would be much highter per tonne of output capacity than most other proposed LNG developments around the world. Comparisons are made to the Ichthys Project, LNG Canada Project...

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Bibliographic Details
Main Author: Persily, Larry
Document Type: Press release
Publisher:Alaska Resources Library and Information Services (ARLIS)
Date:June 29, 2020
Series:Alaska LNG Project updates
Subjects:
KBR
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Library Holdings:Print Versions
Description
Summary:An updated cost estimate for the proposed Alaska LNG project has trimmed $5 billion from the construction price, but the cost would be much highter per tonne of output capacity than most other proposed LNG developments around the world. Comparisons are made to the Ichthys Project, LNG Canada Project, and other projects. Current LNG prices have reduced demand. Meanwhile, AGDC is still looking for private developers to take the lead in the project, and it faces opposition from intervenors. First, the Matanuska-Susitna Borough, wants a rehearing for advancing its case for the Port MacKenzie terminal site, and second, on June 22 the Center for Biological Diversity and Earthjustice filed a request on behalf of the Sierra Club, the Northern Alaska Environmental Center, and the Chickaloon Village Traditional Council.
Physical Description:3 pages
Notes:This update is provided to keep the public informed about the Alaska LNG Project.