The Wall Street Journal reported last month that buyers in Japan and South Korea aren’t confident in the project, and don’t plan to make investments or sign contracts.
The Alaska Liquefied Natural Gas project has long promised to bring North Slope natural gas to Nikiski, for export to Asia. Optimism about the project among Alaska politicians has remained high, despite the long timeline and cost of the project. But last month, the
Well, we were hearing a lot from Japanese companies — and Korean companies as well — that they were being approached by some political figures and people in the business world in Alaska, basically pitching contracts and deals to these companies, asking if they wanted to sign up to take Alaskan LNG. So that was the kind of stance we originally approached the story with. But once we did some reporting, we found that the story about how there wasn’t a whole lot of interest in the project out of Asia, which were kind of the main target customers for the gas projects. That became kind of the main angle that we discovered hadn’t been told yet.
But on the other hand, Japan thinks that it can get gas from other kinds of secure projects. There’s a lot of new supply coming to market, you know, around 2027, 2028 out of the US, Australia, the Middle East. And so Japan sees it has a lot of options beyond just Alaska at this point.In Alaska, politicians are still very publicly optimistic about this project.
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