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