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
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments