Gov. Mike Dunleavy, R-Alaska, discusses whether or not the U.S. can buy Greenland and a possible $44 billion funding in a pure gasoline pipeline on ‘Varney & Co.’
Alaska Gov. Mike Dunleavy stated Thursday on “Varney & Co” that the state’s $44 billion liquefied pure gasoline (LNG) mission is drawing funding curiosity from Asia.
On the heart of the Alaska LNG mission is an 800-plus mile pipeline for transferring pure gasoline that might run from the North Slope to Nikiski, a city in southcentral Alaska.
The Alaska Gasline Improvement Company (AGDC) has pegged the common quantity of gasoline that the pipeline may carry every day at 3.5 billion cubic ft. It stated on its web site that “much” of that might be shipped to “international markets” resembling ones within the North Pacific.
A common view of Brooks Vary as seen from the Dalton Freeway on Might 10, 2024, in North Slope Borough, Alaska. The Dalton Freeway (Alaska Route 11) stretches 414 miles throughout northern Alaska from Livengood (53 miles north of Fairbanks) to Prudhoe Ba (Lance King/Getty Pictures / Getty Pictures)
“We just were in Asia for a couple of weeks. We went to Taiwan, Thailand, Korea and Japan, and they are interested in the gas pipeline,” Dunleavy informed host Stuart Varney.
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“In Taiwan, for example, they signed an LOI, a letter of intent, which will lead to a permanent contract of six million tons of gas,” the governor stated. “This would be the largest off-take of any one off-taker, I think, in the history of LNG. They also talked about actual investment in the pipeline itself.”
Dunleavy posted in regards to the LOI that Taiwan’s state-owned CPC Company had inked for the Alaska LNG mission, on his Fb web page in late March.
Dunleavy informed Varney on Thursday there have been additionally “serious discussions” in Thailand, South Korea and Japan “about how they could invest in the gas pipeline as well as the off-takes.”
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The mission has been within the works for fairly a while.
“This project has all of its permits. Every single one of them has its right of ways, has beaten back all the court cases to date,” Dunleavy stated. “We’re looking at actually putting the pipeline itself in place, the liquefaction plant later that would actually send the gas later, but putting that pipeline in place so that Alaska itself can get gas, our goal is two and a half years for this 42-inch pipe to be put in place, since we’ve got all the permits.”
Governor Mike Dunleavy (R-AK) speaks throughout a ceremony for the lighting of the Capitol Christmas tree in Washington, D.C., on December 3, 2024. (Picture by Nathan Posner/Anadolu through Getty Pictures) (Nathan Posner/Anadolu through Getty Pictures / Getty Pictures)
“We’ll be making some final decision investments, at least Glenfarne will, which is the outfit that is the private investor and lead in this project, probably by August, September at the very latest.”
Glenfarne turned the bulk proprietor and lead developer of the Alaska LNG mission in March after inking a cope with the AGDC, in accordance with a press launch.
The mission can be a boon for Alaska, in accordance with the state’s governor. Greater than 740,000 individuals lived in Alaska as of 2024.
“It would be 60 years, I think, of prosperity,” he informed Varney. “You know, very importantly, it would provide fuel for our bases. Alaska has a number of military bases. We are on the frontier with some pretty dangerous neighbors. Our gas fields in Cook Inlet have been depleting for years, and so this would mean that our bases would definitely have fuel. Our utilities would have fuel.”
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He additionally stated the state may very well be “looking at things such as manufacturing and data farms well in the future.”
Oil and gasoline are a serious a part of Alaska’s financial system. Different massive industries within the state embrace tourism, fishing, timber and mining, amongst others.
