Alaska’s dream of building a massive liquefied natural gas (LNG) export terminal could be coming to an end. For years, former Alaska Gov. Bill Walker pushed the massive $44 billion capex intensive project as a way to offset decades of dwindling oil production in the country’s largest state. He even led delegations on numerous occasions to both China and Japan drumming up support for the project and looking to secure long term off-take agreements necessary to help the project reach the all-important final investment decision. However, Alaska’s new governor, Michael Dunleavy who took office in December, is taking a different approach to the project that was earmarked to send LNG cargoes to Asia-Pacific, a region that accounts for 72 percent of global LNG demand, with that amount projected to reach at least 75 percent amid more demand coming from China. Dunleavy made changes in January to the board of […]