The Department of Energy has approved the AK LNG Project export license to non-free trade agreement countries.
Officials announced the approval during a roundtable discussion on federal permitting in Anchorage Thursday morning which was hosted by U.S. Senator Lisa Murkowski.
In a release she stated, “Receiving the conditional license to export LNG to non-free trade agreement countries is a major milestone for the Alaska LNG project and great news for Alaska. With federal permission in place, those working on the project have the ability to begin selling Alaska gas in the Asian markets. With this project comes good jobs and a stronger economy and I’m excited to see Alaska at the forefront of LNG exports.”
The license would allow exports of up to 2.55 billion cubic feet of natural gas a day for 30 years and would go into effect once final regulatory approval of the project is granted by the Federal Energy Regulatory Commission.
Sen. Murkowski also noted the DOE’s 30-year authorization is a full decade longer than normal, which was likely justified by the size and scope of the AK LNG Project, which could cost as much as $60 billion.