Prudhoe Bay, Alaska
Alaska LNG advances on energy security concerns
The supply shock caused by Russia’s invasion of Ukraine could push the long-delayed liquefaction project across the finish line
The focus on boosting energy security following Russia’s invasion of Ukraine last February has revived the fortunes of the stalled Alaska LNG development. The liquefaction project—also known as 8-Star—is being developed by state-owned Alaska Gasline Development Corp (AGDC), after a consortium made up of North Slope producers ConocoPhillips, ExxonMobil and BP (which has since sold its Alaskan business to independent Hilcorp Energy) dropped the scheme in 2016, claiming poor economics. AGDC is now confident the project will achieve FID within the next few years, its president, Frank Richards, tells Petroleum Economist. “Russia’s invasion of Ukraine has led to a dramatic increase in interest fro
Also in this section
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
