Alaska export plan collapses
Yukon Pacific is no longer planning to export LNG from the North Slope of Alaska.
Rachael Meredith in London 03 January 2012 11:44 GMT
The US Department of Energy has vacated an earlier order to allow the outfit to export up to 350 million tonnes of LNG for a 25 year term.
Yukon said it is no longer pursuing efforts to export LNG and “is in the process of concluding its business affairs”.
The company first received consent to ship LNG from Alaska in 1989. It had planned to build a gas pipeline parallel to the trans-Alaska oil pipeline, with the option of constructing an LNG facility at Valdez.
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Posted on January 3, 2012, in Alaska, LNG, South Korea and tagged Alaska, Export, Liquefied natural gas, LNG, LONDON, South Korea, United States Department of Energy, Yukon. Bookmark the permalink. 2 Comments.