The Biden administration has approved exports of liquefied natural gas (LNG) from Alaska Gasline Development Corp’s Alaska LNG project.
This greenlight was detailed in a Department of Energy document released on 14 April.
Reuters reported that, according to backers of the roughly $39 billion initiative, the Alaskan LNG project can be operational by 2030 to export LNG mainly to countries in Asia, if it attains its required permit.
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This approval follows a greater industry push towards LNG implementation within the maritime industry.
This announcement comes almost two months after Shell Western LNG B.V (Shell) and Hapag-Lloyd signed a multi-year agreement to supply LNG to Hapag-Lloyd’s ultra-large container vessels.
More recently, Nippon Yusen Kabushiki Kaisha (NYK) and joint venture FueLNG completed the first bunkering of an LNG-fuelled pure car and truck carrier (PCTC) in Singapore.