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As Alaskans look around the world at potential competitors for natural gas sales to Asia-Pacific buyers, Russia stands out.
Russia already has one LNG export terminal, with three others being considered for the market. The government wants the revenue from increased sales; Russian oil and gas companies want the business; Asian buyers want more supply options; and, like Alaska, Russia wants to promote economic development in its remote regions.
Were it that easy. One Russian project needs a 2,000-mile-long pipeline. LNG tankers departing another would encounter ice-blocked shipping lanes most of the year, diverting them to a much longer 40-day voyage.
Still, even the unlikely can happen in Russia. “The minute you think you understand it, you’re in trouble,” said a global energy analyst at a recent workshop in Washington.
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