The US administration has approved LNG exports from the large Alaska LNG project in Alaska to other nations, Reuters reports, citing documents from the U.S. Department of Energy. The project is noted to involve the state-owned Alaska Gasline Development Corporation and carries an estimated price tag of around 39 billion dollars. Officials anticipate production from northern Alaska fields and the construction of a roughly 1,300 kilometer pipeline, capable of delivering about 0.3 billion cubic feet of gas per day. The pipeline is planned to reach completion and start operations in 2030. Former U.S. Deputy Secretary of Energy David Turk suggested that Europe should move quickly to secure gas for the next two winters, since extra volumes from the United States may not be available for several years. He also acknowledged that the previous winter was milder than expected, which tempered forecasts for higher fuel consumption. Turk urged the European Union to consider stockpiling energy supplies for the upcoming winter season, given the potential for tighter supplies in the near term.
