Phantom project (The Failure of Alaska Natural Gas)


click on the photo to read the full story

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.