Energy Transition & Power Demand▲
Alaska LNG Project Executive Highlights Short 6–7 Day Shipping to Japan and Low Geopolitical Risk
An executive at Glenfarne, the company leading the Alaska LNG project that processes and exports natural gas from the U.S. state of Alaska as LNG, emphasized the advantages for Japan and other Asian countries of a short shipping time of six to seven days and low geopolitical risk. In an interview with Jiji Press, Adam Prestidge, head of the company's Alaska LNG division, said that unlike supplies from the Middle East or Australia, Alaska LNG comes from a politically stable source, and that price terms different from those for U.S. Gulf Coast production are under discussion. The project is estimated at 44.5 to 54.5 billion dollars, with financing being arranged separately for the pipeline and the liquefaction and export facilities, and Macquarie Capital is serving as financial advisor in talks with dozens of banks. The Japanese market is one of the most important, and JERA and Tokyo Gas have shown interest in procurement, but he also expressed the view that the project would succeed even without purchases from Japan.