January 11, 2024

The proposed Alaska LNG and pipeline project connects the North Slope to Southcentral Alaska.

Proponent: Alaska Gasline Development Corporation (AGDC).

The most recent cost estimate for the project (June 2022) is USD $17 billion for the facility and $39 billion total including the pipeline. Total is down $6 billion from the 2015 estimate of $45 billion.

2.6 Bcf/d (20.0 mtpa) – 3 Trains, Gas Treatment Plant (3.3 Bcf/d capacity) at Prudhoe Bay, 3 × 160,000 m3 Storage Tanks, and 800-mile 42-inch pipeline (3.3 Bcf/d capacity). The Prudhoe Bay and Point Thomson fields are expected to produce 3.5 Bcf/d of gas.

The project received permits from the following authorities:

  • Federal Energy Regulatory Commission (FERC) – May 2020
  • Environmental Impact Statement (EIS) and Order
  • Major federal permits and authorizations
  • Land rights-of-way (ROW): about 93% of Project area
  • Approved Cultural Resources Management Plan
  • Gas Treatment Plant Air Permit
  • Liquefaction Facility Air Permit

US Government has provided a 30-year, US$26 Billion loan guarantee at 80:20 debt to equity ratio which will reduce the cost of debt and enhance project economics.