Posted on Aug 26, 2016 in
Financing,
Liquefaction,
LNG Exports,
Markets and Competition,
State and Local Issues |
Comments Off on Producer Sponsors Not Moving Forward on Alaska LNG Project
Alaska Dispatch News reports that at a hearing before Alaska state legislators, ExxonMobil said it will not move forward with the front-end engineering and design, or FEED phase of development of the Alaska LNG Project, which was set to start in 2017 and was expected to cost up to $2 billion. ConocoPhillips and BP, the other two producer sponsors of the project, also indicated that...