The future of AK LNG could soon become more clear, says Gov. Dunleavy
Gov. Dunleavy says the economic feasibility of liquified natural gas (LNG) in Alaska could soon be apparent.
Dunleavy made the statement at a press event in Houston, Texas, where he was attending the CERAWeek energy conference, an annual gathering that serves as a meeting place for energy producers, investors and government leaders.
Dunleavy's oil and gas policy adviser Brett Huber said we should know in about 60 days if LNG in Alaska is economical.
When asked about where the idea of LNG is in his larger plan, Gov. Dunleavy suggested that developing it could be a tough sell, and that there appears to be an increasing supply on the market almost every day.
"It would appear that right now there's a tremendous amount of gas, and we don't hear of a lot of investment at this time moving into large scale gas projects," Dunleavy said. "The door is still open on [the Alaska Gasline Development Corporation], but that was one of the reasons to come down here and see if there's any investor appetite to invest in this project, and right now it's slim pickings for investors."
In the larger topic of development in Alaska, however, Gov. Dunleavy painted a brighter picture. While shale oil in the Lower 48 has done well for years now, he says investment firms and others are looking to diversify their investments.
"With those new discoveries that we've been talking about in Alaska, new opportunities in National Petroleum Reserve and brand new opportunities in ANWR, which didn't exist prior to this administration, there are opportunities, and this is what they're talking about," Dunleavy said. "And so, there is a lot of capital looking to land places."
Gov.r Dunleavy will be featured in the event Friday. He will be interviewed by Daniel Yergin, a vice chairman at IHS Markit, the information agency that hosts CERAWeek.
Yergin also serves as a chair for the event. That interview will be at 5:45 a.m. to 6:10 a.m. AKDT.
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