FIRST ON FOX: An expansive liquefied natural gas (LNG) project in the Arctic took a big step forward this week while officials at the Energy and Interior Departments heralded it as key to President Donald Trump’s ‘American energy dominance’ agenda.
Alaska LNG, a branch of the New York City and Anchorage-based Glenfarne energy company, and energy technology giant BakerHughes announced an alliance that will bring to reality and accelerate plans for a nearly 1,000-mile, 42-inch LNG pipeline down the middle of the Last Frontier, and a corresponding terminal on the Kenai peninsula.
The 807-mile pipeline is projected to begin near Prudhoe Bay on the Arctic Ocean and run down to Nikiski – a village halfway between Anchorage and Homer.
Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum announced the agreement, with Glenfarne CEO Brendan Duval saying that BakerHughes’ partnership on the project is a big deal due to the company’s expertise in LNG compression technology.
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Duval said the deal reflects an increased momentum toward the mega-project’s future realization and praised the project’s ability to attract ‘global partners [in order] to achieve national and state energy objectives.’