Morning Headlamp - AGDC to Host Summit in Search of Customers
Expected to cost about $200,000
A summit hosted by the Alaska Gasline Development Corporation (AGDC) is scheduled for March 1 to March 6, in an attempt to entice commercial customers to support its $45 billion Alaska LNG project. The summit is expected to cost about $200,000, though the state is trying to secure corporate sponsors to help share the tab. About 15 officials from roughly 10 companies in Japan, Korea and Singapore are expected to attend, with guests staying at the Alyeska Resort in Girdwood.
Headlamp notes that absent from the summit is any mention of Alaska's highly capable support industry – the industry and companies who will actually build the pipeline should the project ever come to fruition. Asking an industry that has laid off 3,500 workers to commit to sponsorship levels of $2,500-25,000 (in hopes of mingling with potential project investors) shows an astonishing ignorance of, or disregard for, what is happening in the economy.
Korean natural gas company KOGAS, the 2nd largest global buyer of LNG, is "interested" in participating in American shale gas projects. South Korean demand for LNG is currently declining in the short-term due to increased electricity output from nuclear and coal-fired power plants. The country is the world's second-biggest LNG importer after Japan. The country currently imports approximately 30 million tons of LNG a year.
Alaska Dispatch News, Alex DeMarban, February 10, 2017
KTUU, Austin Baird, February 10, 2017
Alaska Public Radio, Elizabeth Harball, February 10, 2017
Reuters, Jane Chung, February 10, 2017
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