The Global Race for Liquefied Natural Gas: Commercializing Alaska’s Natural Gas, a new paper by the American Council for Capital Formation (ACCF), has outlined Alaska’s current economic state and concludes that the state’s best route to economic growth is the AlaskaLNG project. The project would meet the growing demand for LNG in the global market.
Alaska’s North Slope, along the shores of the Beaufort Sea, contains vast reserves of natural gas, and tapping into these reserves would not only create tens of thousands of jobs, but would also expand Alaska’s revenue base by billions of dollars.
ACCF Senior Vice President and Chief Economist, Margo Thorning, said: “Global demand for LNG remains high but it is volatile, therefore suppliers must act decisively to reap the most benefits. Alaska has a considerable market advantage, but it must move forward in a clear and unified path.”
Alaska LNG would carry natural gas from the North Slope to Nikiski, where it would be liquefied and then shipped abroad.
Edited from press release by Angharad Lock
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/14082015/accf-finds-alaskalng-project-best-opportunity-for-economic-growth-1144/