Sinopec drops interest in managing AK LNG construction

posted by Rick Rydell - 

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A Chinese oil giant is still in line to be a major buyer from, but not builder of, the $43 billion Alaska LNG Project.

Alaska Gasline Development Corp. President Keith Meyer said Sinopec Corp. is still interested in 75 percent of the LNG produced from the project, but is no longer being considered as a construction manager for Alaska LNG.

Gov. Bill Walker and Meyer signed a non-binding joint development agreement, or JDA, with Sinopec, the Bank of China and China Investment Corp. Nov. 8, 2017, in Beijing in front of President Donald Trump and China President Xi Jinping.

Sinopec drops interest in managing AK LNG construction
Rick Rydell

Rick Rydell

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