Alaska LNG project

The Alaska LNG project marks another significant milestone with the announcement by the United States Department of Energy that it has conditionally authorized the Alaska LNG Project LLC to export liquefied natural gas to non-Free Trade Agreement countries.

The application to export up to 20 million metric tons per year of liquefied natural gas from Alaska for a 30-year period was submitted to the U.S. Department of Energy last July. Authorization to export to nations with existing free trade agreements with the U.S. was previously received in November 2014. Today's announcement conditionally further expands the authorization to include non-Free Trade Agreement countries as well.

'We are very pleased with the progress this represents,' said Steve Butt, Alaska LNG senior project manager. 'As with any large scale LNG project, access to as many markets as possible will improve the commercial viability of the proposed project.'

The Alaska LNG project would provide significant economic benefits to Alaskans including state revenues, new job opportunities and access to decades of in-state natural gas for homes and businesses in Alaska. The Alaska LNG project is anticipated to create up to 15,000 jobs during construction and approximately 1,000 jobs for the operation of the project.

Tags: Exxon Mobil Corporation