Energy Secretary Chris Wright said Wednesday the Trump administration will “probably” offer federal government credit support to a proposed massive liquefied natural gas pipeline project in Alaska.
Such a move would ratchet up the U.S. government’s already deep involvement in getting the Alaska LNG project started despite its struggles to attract private-sector investors. The 800-mile $44 billion pipeline would bring natural gas from Alaska’s North Slope south to a proposed facility to process it into LNG for Asian markets.
“I’m sure it’ll likely be some mix of American companies, Asian companies,” Wright said of the potential financiers during a New York City press conference. “The U.S. government will probably support it a little bit, from my department, with credit support or whatever.”
Wright called the project an economic and geopolitical priority for Trump, noting it would supply allies in East Asia with energy. He said the “prospects for Alaska LNG look quite strong,” predicting construction could begin in about 12 months.
