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$65 Billion Alaska LNG Project Crashes and Burns

Tim Daiss, Contributor
Oil markets analyst, journalist
and author based in Southeast Asia

Opinions expressed by Forbes Contributors are their own.

Tweet This .. twitter link .. partisan political infighting in Anchorage – something that can arguably be like watching an ongoing family-feud.


SHISHMAREF, AK -Village children jump off of a loading dock on July 8, 2015 in Shishmaref, Alaska. Three out of four of partners
in the state's massive multi-billion dollar LNG project proposal, Alaska LNG, recently pulled out amid repressed oil and natural
gas prices and a massive project capex. (Photo by Andrew Burton/Getty Images)

Alaska’s proposed $45-$65 billion liquefied natural gas (LNG) project that was supposed to help the state refill its coffers from decades of dwindling crude oil production and more than two years of low oil prices, took several steps backward a few weeks ago when three of the project's four partners, BP , ConocoPhillips COP -2.18%, and ExxonMobil XOM -2.16%, all North Slope producers, pulled out. The fourth project partner is state-owned Alaska Gasline Development Corp (AGDC).

more .. http://www.forbes.com/sites/timdaiss/2016/09/16/65b-alaska-energy-project-crashes-and-burns/#c29e68b7a343