Alaska LNG Pipeline Bill Stalls Amid Lack of Investor Support

Alaska Governor Mike Dunleavy expressed disappointment over the stalled Alaska LNG pipeline bill in the state legislature. The bill aimed to advance a $50 billion pipeline and terminal project to export natural gas to Asia, but it did not receive sufficient support from lawmakers.

Dunleavy emphasized that Alaska is running out of affordable and reliable natural gas, which has become an urgent issue over decades of inaction. He stated that delaying action would increase risk, raise costs, and limit future options.

The project, promoted by the Trump administration as a way to boost national security and trade with partners and allies, including Japan, faces delays due to the lack of binding offtake deals for 80% of the planned export capacity. The lead developer, Glenfarne, aims to make final investment decisions this year and next, with the goal of starting liquefied natural gas shipments in 2031.