Alaska LNG Aims to Compete with Lower Shipping Costs, Secures $200 Billion Package from South Korea

The Alaska LNG project's developer claims that shipping costs for liquefied natural gas (LNG) from Alaska to Asia would be at least 65% lower than from the U.S. Gulf Coast, making it a competitive option.

Glenfarne, the company behind the $44.5 billion to $54.5 billion project, says that this advantage justifies the high construction costs and makes its feasibility possible.

The project would transport gas from Alaska's North Slope through an 800-mile pipeline to an export plant in southern Alaska, providing a new source of LNG for Asian markets.