When Gov. Mike Dunleavy took office in 2018, the State of Alaska had spent more than $250 million on the Alaska LNG project with nothing having been built to show for it. The project did not have its federal permits, its cost of supply was uneconomic, and the now state-owned Alaska Gasline Developme.
The federal infrastructure bill does not include billions of dollars in loan guarantees for a proposed Alaska North Slope gas pipeline project. The legislation merely changed federal law so that a liquefied natural gas export project could be eligible to apply for a loan guarantee. Big difference. It’s like the bank said you are eligible to apply for a home loan, not that