of $150,000-per-inch mile for Low - er 48 pipeline construction, and a premium added for Alaska costs to bring costs to $350,000 per-inch mile. That works out to $11.76 bil - lion for 800 miles of 42-inch pipe. Glenfarne will add a 40% contin - gency on top of that, Duval said. The big advantage for Alaska, however, is the shorter shipping distances, and lower costs, for get - ting LNG to Asia markets, which will take one-third of the time needed from the Gulf of Mexico, for exam - ple. “There are now waiting times of up to 10 days on either side of the Panana Canal,” which has become a choke point for LNG deliveries, Du - val said. Once the pipeline is underway, engineering and financing for the LNG plant will get underway in phases for each of the three trains, Duval said. The target is to have LNG exports begin in 2031, he said. Alaska Gov. Mike Dunleavy, who shared the podium with Duval at the conference, said securing a depend - able energy supply for Army and Air Force installations in the Interior as well in Southcental Alaska is now a major driving force in the Trump Administration’s support for the project. Dunleavy also said the timing is good for providing a trained work - force for the pipeline construction. Construction will be winding down on major new oil projects being built on the North Slope in the next two to three years, which will make sever - al thousand workers experienced in Arctic conditions available.
engineering and targeted for a Final Investment Decision (FID) by the end of 2025, he said. That would allow procurement of pipe and other equipment to be underway in 2026 and construction commencing in 2027 and 2028, with first gas to Fairbanks in Alaska’s In - terior, possible by 2027. The FID for the pipeline will be an important “de-risking” signal to
CEO: Exports from the state can be done at less cost Alaska LNG can be delivered to customers in Asia at 20% to 30% less cost than competing suppliers, Brendan Duval, CEO of Glenfarne
other invertors being courted for the large liquefied natural gas plant needed for ex - port, Duval said. Construction of the 800-mile pipeline will be far easier and less risky than for the Trans Alaska oil pipe - line in the 1970s, also 800 miles and built along part of the same route across Alas - ka. Soil conditions are now well understood,
Group, said recently at the Alaska Sustainabil - ity Conference held in Anchorage. Glenfarne is the project developer and now majority owner of the proposed $42 bil - lion-plus Alaska LNG Project, which would tap 35 tcf of stranded North Slope gas and export up to 20 mil - lion tons of LNG at full development. Alaska Gasline Development Corp. (AGDC) is a partner.
BRENDAN DUVAL
the pipeline right-of-way and per - mits are secured, and a number of Alaska contractors with Arctic expe - rience are now available, all condi - tions that are different than for the oil pipeline, which experienced cost overruns. Duval also cited key differenc - es from recent oil pipelines built in western Canada where there were cost overruns. Problems with per - mitting and government agencies complicated construction and sched - uling on those projects. In Alaska, federal, state and local governments are unified in support, Duval said. Glenfarne is bullish that the pipe - line can be financed and built eco - nomically based on a rule-of-thumb
The project has been around for years and was advanced by a con - sortium of North Slope producers led by ExxonMobil Corp. and the state to a pre-feasability level in 2016. AGDC has since then secured federal permits and authorizations for the project. Glenfarne was brought into the project earlier this year and will apply its experience in project de - velopment financing to the project, which has now been broken down into three phases, Duval said. An 800-mile, 42-inch pipeline to bring gas to Interior and Southcentral Alaska, including military bases, is the first phase which is now in final
— Tim Bradner
The shorter shipping distances and lower costs for getting LNG to Asian markets are advantageous for Alaska.
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