The sponsor of an Alaska LNG export terminal at Nikiski and cross-state pipeline from Prudhoe Bay selected Bank of China Ltd. and Goldman Sachs & Co. LLC as global capital coordinators for the multibillion-dollar project. The two investment banks will assist Alaska Gasline Development Corp. (AGDC) in raising equity and debt financing, AGDC Pres. Keith Meyer said.
The announcement came more than 4 months after Chinese and Alaskan officials signed a five-party, $43-billion joint development agreement for the Alaska LNG project in Beijing (OGJ Online, Nov. 10, 2017). US President Donald Trump and Chinese President Xi Jinping were present for the signing ceremony at the Great Hall of the People, where other deals between the US and China were announced.
The integrated gas transportation system will consist of a treatment plant at Prudhoe Bay; an 807-mile pipeline to the south-central Alaska coast, with off-takes along the way for in-state customers; and a Nikiski facility to liquefy the gas for export.
Contact Nick Snow at [email protected].