THE biden administration has approved of the export of liquefied natural gas (LNG) from the Alaska LNG project, in a move that pits the US against Russia in the race to ship natural gas from the Arctic to Asia, reports Reuters.
The Department of Energy authorised Alaska Gasline Development Corp (AGDC) to export LNG to countries that do not have a free trade agreement with the US.
The estimated US$39 billion project is expected to be operational by 2030, with the majority of the LNG exports headed for Asian countries.
Despite opposition from environmental groups, AGDC president Frank Richards insists the project aligns with international environmental standards and will benefit Alaskans and US allies.
The project involves a liquefaction facility on the Kenai Peninsula and an 807-mile (1,300-km) pipeline to transport gas stranded in northern Alaska across the state.
Though the previous administration approved exports, the Biden administration conducted an environmental review and modified the approval to ban the venting of carbon dioxide associated with the project.
Nonetheless, environmental groups have criticised the decision as a 'carbon bomb.'
SeaNews Turkey
The Department of Energy authorised Alaska Gasline Development Corp (AGDC) to export LNG to countries that do not have a free trade agreement with the US.
The estimated US$39 billion project is expected to be operational by 2030, with the majority of the LNG exports headed for Asian countries.
Despite opposition from environmental groups, AGDC president Frank Richards insists the project aligns with international environmental standards and will benefit Alaskans and US allies.
The project involves a liquefaction facility on the Kenai Peninsula and an 807-mile (1,300-km) pipeline to transport gas stranded in northern Alaska across the state.
Though the previous administration approved exports, the Biden administration conducted an environmental review and modified the approval to ban the venting of carbon dioxide associated with the project.
Nonetheless, environmental groups have criticised the decision as a 'carbon bomb.'
SeaNews Turkey