Alaska LNG Pipeline Bill Fails, Governor Warns of Project's Risks

The Alaska LNG pipeline bill has failed to secure enough votes in the state legislature, prompting Governor Mike Dunleavy to express deep disappointment and warn of the project's risks. The governor had championed the measure, which aimed to advance the construction of a liquefied natural gas pipeline in Alaska.

Dunleavy emphasized that delaying action on the project would increase risk, raise costs, and limit future options. He noted that Alaska is running out of affordable and reliable natural gas, a long-standing issue exacerbated by decades of inaction.

The proposed 800-mile pipeline was designed to transport North Slope natural gas to south-central Alaska for exports, with multiple interconnection points to meet in-state demand. The project, a joint venture between the Glenfarne Group and the Alaska Gasline Development Corporation, had secured interest from as many as 50 companies, including energy developers ready to commit to buying $115 billion worth of LNG.