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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
