Alaska signs gas pipeline project deal with China

ANCHORAGE, Alaska (AP) β€” The state of Alaska has taken a major step toward realizing a long-sought pipeline to move natural gas from the North Slope to Asia.

The agreement Alaska Gov. Bill Walker signed Thursday in Beijing with Sinopec, China Investment Corp. and the Bank of China does not guarantee a pipeline will be built, but it gives the lingering liquefied natural gas project a jolt of life.

The agreement was signed as both U.S. President Donald Trump and Chinese President Xi Jinping watched. No financial terms were released, but it’s been estimated that the project could cost $43 billion.

The state is siding with interests from China after major oil companies stepped back from the project.

The post Alaska signs gas pipeline project deal with China appeared first on Newstalk 750 – 103.7 KFQD.

SHARE

RELATED CONTENT

Alaska psychologist indicted on federal child porn charges Ex-Alaska lawmaker accused of hitting woman faces hearing Company seeks to dismantle Alaska oil terminal next year Low escapement of Kodiak sockeye may halt egg collection Walker signs bonding bill that has already prompted lawsuit Students to conduct research on beluga whales in Alaska
Comments