AGDC and Glenfarne to develop $44 bln Alaska LNG project
Published by Todd Bush on January 14, 2025
The Alaska Gasline Development Corporation (AGDC) entered into an exclusive agreement with developer Glenfarne to advance the Alaska LNG project, an AGDC spokesperson said on Friday.
The project is estimated to cost $44 billion and will start to deliver natural gas in 2031 and LNG exports would follow shortly thereafter, the spokesperson said.
>> In Other News: Avina Clean Hydrogen Completes FEED for 800,000 MTPA Clean Ammonia Facility
Glenfarne will lead and fund the project development, including the Arctic Carbon Capture plant on the North Slope, the LNG export facility in Nikiski, and the 807-mile (1,300-km) pipeline, which will transect the state.
The pipeline will carry up to 3.3 billion cubic feet of gas per day from the state's petroleum-rich North Slope to Alaska communities and an export terminal south of Anchorage.
The project, which was first approved under Donald Trump's administration, received Federal Energy Regulatory Commission authorization in 2020 and final legal approval in 2022, despite opposition from environmental groups.
(This story has been corrected to say the pipeline will carry gas to an export terminal south of Anchorage, not Juneau, in paragraph 4)
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
RepAir Raises $15 Million to Scale Electromechanical Carbon Capture Solution
Inside This Issue 💰 RepAir Raises $15 Million to Scale Electromechanical Carbon Capture Solution ⚙️ Haffner Energy Unveils Hynoca® Flex 500 IG: a Flexible, Cost-effective Alternative to Grey Hydro...
-
XPRIZE Awards $100M for Game-Changing Carbon Tech
Inside This Issue 🏆 XPRIZE Makes History, Awards $100m Prize for Groundbreaking Carbon Removal Solutions USA - English USA 🌍 Vaulted Deep Wins $8M in XPRIZE Carbon Removal Competition 🧱 PHNX Mater...
-
Living Carbon & Microsoft Ink Deal for 1.4M Tonnes CO₂ Removal
Inside This Issue 🌲 Living Carbon Announces Agreement with Microsoft for 1.4 Million Tonnes of Carbon Removal from Reforestation of Former Mine Lands in Appalachia 🏭 US Energy Expands Carbon Captu...
Company Announcements
-
Cowboy Clean Fuels Unveils Biomass Carbon Removal and Storage Technology Methodology
Cowboy Clean Fuels (CCF), an innovator in renewable energy and carbon removal technologies, has announced the completion and release of its Biomass Carbon Removal and Storage, plus Renewable Natura...
-
Svante and Mercer International Advance Carbon Capture Project at Alberta Pulp Mill
Svante and Mercer International Advance Carbon Capture Project at Alberta Pulp Mill VANCOUVER, British Columbia--(BUSINESS WIRE)--Svante Technologies Inc., a leader in carbon capture and removal t...
-
Mati Carbon, AirMiners Launchpad Accelerator Graduate, Wins $50M Carbon Removal Grand Prize
SAN FRANCISCO -- This week, XPRIZE announced that Mati Carbon, a graduate of the AirMiners Launchpad accelerator program, as the winner of the $50M grand prize in the XPRIZE Carbon Removal competit...
-
Exxon Mobil (NYSE:XOM) Partners With Calpine for Large-Scale Carbon Storage and Low-Carbon Energy
Exxon Mobil recently revealed a significant agreement to manage carbon dioxide storage with Calpine Corporation, a move that might contribute to its role in low-carbon energy initiatives. The compa...