‘We’re engaged’: Alaska gets China backing for natural gas project

May 21, 2020/in /by Rudolf Huber

Why so complicated? If China wants to help the Alaska LNG project onto its feet, it only has to sign an offtake agreement for 20 years with the right price and 100% Take or Pay. The rest is going to get done by the project in no time. This is a very long dance around the Golden Calf and its getting weird. I assume the economics are to really stellar and thats why all the stalling. Governor Walker would do a lot better if he tried to incentivize the use of LNG as fuel for all the heavy transport in Alaska. But I guess he needs his name on a big-ticket.

'We're engaged': Alaska gets China backing for natural gas project

China's biggest state oil company Sinopec, one of the country's top banks and its sovereign wealth fund agreed on Thursday to develop a $43 billion natural gas project in Alaska, as the cash-poor U.S. state…

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