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The Trump administration is convinced that the massive eliminated natural gas project in Alaska will find investors despite its huge costs.
President Donald Trump pushed Alaska SPG As a national priority since the entry. Alaska has tried to build a pipeline from the northern slope above the Arctic circle south before the entrance of the chef, where the gas will cool down and sent us allies in Asia for many years.
But Alaska SPG never came out of the ground from the stratospheric price tag of more than $ 40 billion. Trump pushed Japan and South Korea, in particular to invest in the project, threatening them with higher tariffs if they do not offer trades that fit it.
“If you get commercial offtecakes for gas, financing is quite simple,” said Energy Minister Chris Wright, Brian Sullivan CNBC in the Gulf of Prudho, Alaska. “There (there are) countries around the world seeking to reduce their trade deficit from the US, and of course it is a very easy way to do this to buy more American energy,” Wright said.
However, energy analysts are skeptical of the project. Alaska SPG “does not have a clear commercial logic”, – said Alex Munton, director of Global Gas and Lng Research in Rapidan Energy, in April CNBC.
“If that was, it would have much more support than so far, and this project has been planning for literally decades,” Muntan said.
Support of the Ministry of Defense
Wright said the project would be built at the stages and will initially serve the domestic demand for Alaska, which threatens to reduce natural gas supplies at the entrance to Cook. The Secretary of the Internal Affairs Doug Burgum said the Ministry of Defense is ready to support the project with its resources.
“They are ready to sign up to accept the agreement on this pipeline to get gas to our super strategic, important bases across Alaska,” Burgum said in an interview with CNBC in Prudho -Bey.
Alaska SPG, when it comes down, will deliver us natural gas to Japan for about eight days, compared to about 24 days for the US Bay Bay, which runs over the overloaded Panama Channel, Burgum said. It is also to avoid challenged waters in the South -Chinese Sea that the Mr. exports from the passage of the Middle East, the secretary secretary said.
Wright said that potential Asian investors have questions about the temporary scale and logistics of Alaska SPG. Wright can start delivering the SPG to Southern Alaska in 2028 or 2029, and exports to Asia begin somewhere in the early 2030s, Wright said.
Glenfarne Group, Leading Project Developer, said CNBC in April The final investment decision is expected in the next six -12 months on the proposed pipeline, which runs from the northern slope to the an annex. Glenfarne is a private developer, owner and operator of energy infrastructure based in New York and Houston.
