Alaska LNG Defends Costs on Shipping Savings

Alaska LNG developer Glenfarne defends the massive project cost by highlighting significant shipping savings to Asian markets compared to Gulf Coast rivals. The project requires major investments for pipeline infrastructure.

Xurve View
Insights:
Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration

The Alaska LNG development will cut shipping costs for Natural Gas to Asia by at least 65% compared to Gulf Coast rivals, developer Glenfarne said on Sunday afternoon.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.