CNCIC News :Recently, Tim Fitzpatrick, a spokesperson for the Alaska Gasline Development Corporation (AGDC), stated that Alaskan officials plan to visit Japan and South Korea to seek potential Asian investors for the proposed $44 billion Alaska LNG project.
Fitzpatrick stated that officials from AGDC and Glenfarne Group, the project's development partner, will visit Asia in late March to present the economic and strategic competitive advantages of the Alaska LNG project to industry leaders and discuss potential investment opportunities. Earlier, Alaskan officials indicated that the Alaska LNG project could begin exports by 2030. Japan has already expressed potential investment interest in the project. In February, Tetsuya Shigeta, CFO of Mitsui & Co., a major Japanese trading conglomerate with global LNG investments, mentioned that the company might consider supporting the Alaska LNG project. Additionally, South Korea and the U.S. are establishing a joint working group to discuss the Alaska LNG project, as well as issues related to energy, shipbuilding, tariffs, and non-tariff barriers.
AGDC is a U.S. state-owned enterprise dedicated to advancing the Alaska LNG project. The project aims to transport natural gas from the North Slope to Alaska for liquefaction and export LNG to Japan and South Korea. The Trump administration has been urging Japan and South Korea to purchase more U.S. LNG, seeking to reduce trade deficits between America and its Asian allies.