In front of Alaska Gov. Mike Dunleavy, Taiwan’s state-owned oil and gas company CPC has signed a letter of intent to invest in the Alaska LNG export project and purchase liquefied natural gas from it.
The agreement reached on Thursday was signed by CPC and the Alaska Gasline Development Corporation, the state agency in charge of getting a gasline built. The Taiwanese Ministry of Economic Affairs announced the deal in a statement.
“Alaska LNG offers our allies in Asia a unique energy opportunity with competitively priced, abundant LNG via short, secure shipping routes and unlocks the numerous benefits of North Slope natural gas for Alaskans. The Letter of Intent is the latest reflection of growing market interest in and an important commercial step forward for Alaska LNG. AGDC and CPC will now turn to negotiating binding procurement and investment agreements,” Dunleavy said.
Taiwan is a democratically governed island that China claims as its property, but which claims itself to be independent. The deal aligns with broader US efforts to enhance economic and strategic cooperation with its allies in Asia, particularly through energy partnerships and particularly not with China.
With strong support of the Trump Administration, Gov. Dunleavy and Sen. Dan Sullivan have been actively promoting investments in the Alaska LNG project. Dunleavy and Sullivan are also encouraging Japan and South Korea to increase their LNG imports as a means of balancing trade deficits with these nations.
Dunleavy and key AGDC officials are currently on a tour across Asia, seeking additional investors for the $44-billion Alaska LNG project. They are visiting non-communist countries, in contrast with former Gov. Bill Walker, who went to China four times to get communist China’s investment and purchase rights to Alaska LNG. That agreement was canceled by Dunleavy as soon as he took office in 2018.
Should the LNG project come to fruition, Alaska LNG would be Taiwan’s closest LNG supplier among US export facilities. Unlike shipments from the Gulf of America, LNG from Alaska would not require passage through the Panama Canal, and that significantly reduced shipping time is a big advantage.
The letter of intent comes directly after Sen. Dan Sullivan gave a rousing speech to the Alaska Legislature, saying that the project is moving forward apace.
Trust the naysayers will hold off instead, offer encouragement even with reservations. We need positive attitudes in developing our resources.
Think Positive!!!
Fantastic! Thank you, Governor Mike. Disgraced, former governor Bill Walker would rather be doing business with the sneaky Communist Chinese. You on the other hand, will be doing business with the ROC, good freedom-loving Chinese people.
that’s funny Walker went to China on Trump’s trade mission. Trump sat there and applauded the signing. The same as today Trump is interested in cutting trade imbalance. He could care less that the gas was going to the communists. China is Alaska’s largest trading partner. We sell them oil, minerals, timber and have an airport that thrives off trade with China. Also China is the largest trading partner of Taiwan so those sneaky communists still have a hand in the gasline.
But they’ll never own the land or the spigots on the gasline, as they would have under Bill Walker, Alaska’s villian governor who stole our PFDs. Leo, go get help.
What ever happened to the $20,000 that Bill Walker’s wife brought home from China. Did she report her “little gift” to the IRS, or did she bag it like Hunter did? Maybe a little to the Big Guy?
Where was Lisa through the negotiations? MIA
Who’s gonna build the line ?
It’s extremely hard to understand how MRA consistently points out that Walker struck a deal with communist China without mentioning this was alongside Trump in 2017. I remember that fateful November day. Am I missing something?
Great news. Let’s get this built.
The same group of Berkeley dip sticks said the original oil line couldn’t be built either. Piss on all of them.
Love it…this is how one unleashes America’s Alaska.
Excellent point!
Wow, soon Alaska’s LNG will be State-owned, but not by us!? Make it make sense! We are now part of Taiwan’s state-run oil program!
“Taiwan my a$$! That’s Alaska’s gas!”
See how that works, Folks? Stupidity is immortal. It can be reused repeatedly.
Let’s see. Ted Stevens, Lisa and her daddy, Don Young, Dan Sullivan, Mark Begich could not open ANWR, could not get the Gas Pipeline built, gets road in Cold Bay, road to Ambler. Donald Trump made these happen and our Senior Senator does not like him.
We listened to Ted all these years with his famous ties and Lisa saying she gets along with Seattle Senators.
Why does Lisa not like Donald. She has nothing to run on since Donald Trump will have it all done by 2026!
My Marcellus wells are getting $1.94 per MCF (thousand cubic feet).
Years ago, North Slope Gas delivered to Nikiski needed $17.00 per MCF just to break even. How can a $44 Billion pipeline deliver gas competitively with an abundance of cheap NG worldwide and new wells being drilled daily worldwide?
There’s always another pipe dream alive in Alaska.
“…….How can a $44 Billion pipeline deliver gas competitively……..”
If you’re the Jess Carr type, who cares? You’re just in it to rape the investor (again) and move on.
How can Alaskan oil “deliver competitively” with Texan, Middle East, Venezuelan, Mexican, and now Russian oil? With political manipulation. That’s why the Alaskan Oil Pipeline was constructed in the first place; because of Arab Oil Embargoes.
Economics always takes a back seat to politics. If history slipped you by, watch Trump for the latest lesson.
“Taiwan is a democratically governed island that China claims as its property, but which claims itself to be independent.”
Taiwan is about a 50%-50% split between those who supported Japanese and now US dominance and those who recognize their heritage is Chinese.
The remants of the warlord Kuomintang junta fled to Formosa (Taiwan) in 1949 when despite their US backing, the Maoist rebels decisively defeated them.
Taiwan is (and has always been) officially recognized by the US as an integral province of China.
The holy grail of about half of our neocons, Sullivan a prime example, who have destroyed our own country, is to start a war with China over the pathetic made up issue of Taiwan. The other half cling to their fantasy of destroying the Russian Federation. Pathetic idiots who get millions killed and add trillions to our debt.
Our incompetent Pentagon, which has never won an incursion into a 3rd world country, let alone against a peer, has deployed 1,000 plus “trip wire” servicemen as live bait, in Taiwan.
The Russians with their hypersonic missile technology, for which we have no response, and defeating the combined US/NATO military complex aggression in eastern europe, have proven that the micro chip technology necessary for advanced weapon systems is not centered in Taiwan.
How pathetic is it, as essential as a natural gas pipeline is needed in Alaska has never been completed. If Taiwan investors wish to build a pipeline, let’s do it. The clowns in Juneau never will.
“…….Our incompetent Pentagon, which has never won an incursion into a 3rd world country, let alone against a peer…….”
A bit too much Hong Kong opium smoking there, Brian?
Suzanne: are you now calling it the “Gulf of America” for a reason?
The name was changed from Gulf of Mexico to Gulf of America in January. – sd
Interesting that this entire pipeline will be buried . Also note that it may weigh #1,000 lbs per foot . Automated welding to join the sections of pipe . It was once figured it might be 52inch and Stainless Steel . And once mentioned 1.5 inches thick .
In order to build this pipeline , the pipe will need to be manufactured. Japan and South Korea will more than likely manufacture the pipe . It will be possibly the largest steel order , ever . Not to mention the pipelayers to handle the sections of pipe .
Lot of challenges to building TAPS in the seventies . Took nearly nine years from discovery to production . This line could be built in less than 36 months once the pipe is delivered . Massive trenchers required and possibly lay as much as five miles a day as all buried .
Going to be an interesting six months . Once the sections of pipe are manufactured, pretty quick timeline . That starts with an AFE in the oil industry ( Authorization for Expense ) . One the pipe AFE goes through a second will be issued for the pipelayers . This is what happened to start TAPS .
As mentioned you need a politician and a prostitute for the same thing and neither will build a pipeline , however the latter assisted greatly in the process , the prior , not much help . Folks it’s gonna be an interesting six months !
Walker ……. That’s his name!
Wife and I were trying to remember that guy’s name that tried to sell LNG AND let them (CHINA) build their own pipeline through his property.