AKLNG prospects challenged by competition, waning demand

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Before the state can hope to advance a $43 billion liquefied natural gas project, it needs to get its own fiscal house in order, a former federal pipeline coordinator said Tuesday.

Larry Persily, also a former deputy revenue commissioner who recently served as a special assistant to the Kenai Peninsula Borough, delivered a one-hour briefing to the House Special Committee on Energy.

Persily offered an outlook on the project designed to ship LNG to Asian markets, and he wasn’t optimistic.