Study: Alaska LNG Project Too Expensive to be Competitive
Posted on Aug 25, 2016 in Financing, Liquefaction, LNG Exports, State and Local Issues | Comments Off on Study: Alaska LNG Project Too Expensive to be Competitive
Alaska Public Media reports that consulting firm Wood Mackenzie has released a study finding that in its current form, the Alaska LNG Project is too expensive to be competitive with other LNG projects proposing to serve north Asian markets. The report offers options to reduce the costs of the project, estimated to be $45 – $65 billion, including bringing in outside investors or full state ownership, which could lower federal taxes. The study results were provided to a joint hearing of the House and Senate Resources Committees on August 24, 2016.