Biden approves LNG exports from Alaska project

Front view of a big LNG tanker ship traveling with full speed over the calm, blue ocean as a concept for international fuel industry with copy space

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.

READ: MSC’s 16,000 TEU LNG-fuelled vessel under construction

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.

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