Alaska has been open for business since President Trump resumed office; America's treasure chest has just gained another boost with the announcement of a new alliance dedicated to bringing a natural gas pipeline from Prudhoe Bay to the Kenai Peninsula town of Nikiski. This is, as someone once said, a big freaking deal.
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.
Here's the part not mentioned, a piece of the puzzle that non-Alaskans might not know: The pipeline is correctly reported to be running from Prudhoe Bay to Nikiski, which the Fox story describes as a "village halfway between Anchorage and Homer," which makes it sound as though it's a straight shot from Alaska's biggest city to this coastal Kenai Peninsula village. It's not. Driving from one to the other requires one to drive east, around the far end of Cook Inlet's Turnagain Arm, over a pass into the Kenai Peninsula, then west to Sterling, Soldotna, Kenai, and then Nikiski. Now the pipeline won't be following that route; it will necessarily have to go under Cook Inlet. Cook Inlet isn't particularly deep, but it does have some pretty hefty tides; if you make a habit of driving up the Turnagain Arm, going east out of Anchorage, you've seen some of the extreme tides in that body of water.
So, any underwater pipeline will have to take that into account, which is, presumably, doable.
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The project even includes some carbon-sequestering to appease the climate scolds. Furthermore, Alaska's Governor Dunleavy is on board.
According to reports, the project will include a carbon-capture plant on Alaska’s remote North Slope that will have the capacity to remove seven million tons of carbon dioxide from the project annually.
Alaska’s energy potential has been repeatedly touted by Gov. Mike Dunleavy, who previously told Fox News Digital he is interested in an all-of-the-above approach devoid of politics that instead focuses on what will work and what will keep energy jobs in Alaska and the U.S. writ large versus overseas.
Alaska's North Slope is estimated to have 35 trillion cubic feet of proven natural gas reserves, with the potential resource of another 200 trillion cubic feet of natural gas given advances in extraction techniques. For comparison, the United States uses approximately 27.1 trillion cubic feet of natural gas per year, making this, at the maximum, almost nine years of natural gas supply for the entire country. Granted, LNG is fungible, and much of Alaska's extraction will be exported, but as this is a fungible commodity, an increase in production should bring prices down, no matter where the output of a specific country ends up.
Alaska is open for business. This is only the beginning.
Editor’s Note: After more than 40 days of screwing Americans, a few Dems have finally caved. The Schumer Shutdown was never about principle—just inflicting pain for political points.
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