Biden Administration Approves Alaska Gas Exports Despite Climate Concerns.

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Source: Reuters.com
Biden Administration Approves Alaska Gas Exports Despite Climate Concerns.
Photo: Reuters.com
TL;DR Summary

The Biden administration has approved exports of liquefied natural gas (LNG) from the Alaska LNG project, which could help the US compete with Russia to ship natural gas from the Arctic to Asia. The project, which is estimated to cost $39bn, includes a liquefaction facility on the Kenai Peninsula in southern Alaska and a proposed 807-mile pipeline to move gas stranded in northern Alaska across the state. The LNG would be exported mainly to countries in Asia. Environmental groups have opposed the project, calling it a "carbon bomb."

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