Phantom project (The Failure of Alaska Natural Gas)

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Behind the natural gas “window” to the fiscal promised land that former Alaska Gov. Bill Walker and his half-million-dollar, Texan hired-hand spent four years trying to sell Alaskans, it now appears there was hiding a brick wall.

Gas prices that were low and trending lower while Walker was governor are now on the verge of freefall, dooming any chance of a near term start to construction on one of the globe’s costliest and most complicated natural gas projects.

S&P Global Platts is predicting liquified natural gas (LNG) spots prices in northern Asia will hit record lows below $3/MMBtu this year.That compares to a spot price above $20/MMBtu in 2014 when global gas supplies were tight.

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