However, there are still substantial concerns about the financing and feasibility of the project.
Despite the federal government’s commitment of loan guarantees valued at $30 billion, Alaska lawmakers are skeptical about the project’s costs, which could reach $11 billion just for the pipeline.
The timeline for exports is also lengthy, with projections suggesting shipments wouldn’t start until 2031.
This joint venture could reshape global LNG trade dynamics, but it will require careful management of its financial and logistical challenges.
What do you think the potential long-term impact could be for the U.S. energy market and global LNG trade?