China Gets Bulk of Alaska Gas in Pipeline Plan
ANCHORAGE, Alaska (AP) — China would receive 75 percent of the natural gas from Alaska’s North Slope if a pipeline is built under an agreement signed Thursday in Beijing.
Alaska Gov. Bill Walker signed the agreement with Sinopec, Bank of China and China Investment Corp. to advance a natural gas pipeline project. There’s no guarantee a pipeline will be built, but the agreement has given new life to a project Alaskans have wanted for decades to offset declining oil production from the North Slope.
If everything goes as planned, final agreements will be signed by the end of 2018 and the pipeline could be operational by 2024 or 2025.
Alaska would retain the remaining 25 percent to sell to regional markets in Asia, like Japan, South Korea and Vietnam.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments