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China deal seen as no guarantee for Alaska LNG export project


By Julie Gordon(Reuters) - A preliminary agreement with China for the development of a massive liquefied natural gas export project in Alaska will boost its profile, but does not ensure the $43 billion development will go ahead, analysts said on Thursday.China's biggest state oil company Sinopec, one of its top banks and its sovereign wealth fund agreed early on Thursday to develop the Alaska LNG export terminal and an 800-mile (1,290 km) pipeline to deliver fuel to China.It is one of dozens of projects racing to join a second wave of U.S. LNG projects set to come online in the middle of the ...

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First Published: Fri, November 10 2017. 06:56 IST