A bill to advance the $50 billion Alaska LNG project stalled in the state legislature. Governor Mike Dunleavy expressed deep disappointment. He stated the failure to vote on necessary tax changes sends a negative signal to potential investors and partners for the project.
The project aims to export liquefied natural gas to Asian markets. Legislators cited insufficient support for the bill, jeopardizing the project. This delay impacts plans to supply key allies. Preliminary agreements are in place with Japanese importers JERA and Tokyo Gas. Governor Dunleavy is pushing lawmakers to reconvene on August 20 to hold a vote.