Alaska Japan LNG Terminal

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Alaska Japan LNG Terminal is a cancelled (confirmed) LNG export terminal in United States.

Location

Table 1: Location details

Name Location Coordinates (WGS 84)
Alaska Japan LNG Terminal United States[1] 61.268424, -149.91703 (approximate)

The map below shows the approximate location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year
Name Facility type Status Capacity Total terminal capacity Offshore Associated infrastructure
Alaska Japan LNG Terminal export[2] cancelled (confirmed)[3] 1 mtpa[2] 1.0 mtpa False –

Table 3: Cost

Name Facility type Cost Total known terminal costs
Alaska Japan LNG Terminal export[2] – –

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward
Name Facility type Status Proposal year FID year Construction year Operating year Inactive year
Alaska Japan LNG Terminal export[2] cancelled (confirmed)[3] – – – –[2][2] 2017 (cancelled)[4]

Ownership

Table 5: Ownership

Name Facility type Status Owners Parent companies Operator
Alaska Japan LNG Terminal export[2] cancelled (confirmed)[3] Resources Energy Inc [100%][2] Resources Energy Inc [100.0%] –

Background

Resources Energy Inc. (REI) is planning an LNG terminal with a capacity of 1 million-1.5 million mtpa at Port MacKenzie, a municipal-owned port on upper Cook Inlet. Capital costs are estimated to be between $1.2 billion and $1.8 billion for the terminal, and an additional $1 billion would be needed to purchase the gas. REI hopes to have its project completed and in production by 2019 or 2020, and will at least initially purchase Cook Inlet gas. REI is a small Japanese owned company, and is aiming at niche markets for LNG which are expected to open in Japan in the next few years as the nation deregulates its gas and electric power industries. Deregulation in Japan means municipalities and other industries will be able to participate in the electric power and gas businesses in competition.[5]

In April 2017, REI announced it was cancelling the LNG terminal project, citing unfavourable market conditions as a result of global LNG oversupply. The company closed its Anchorage office at the end of March 2017.[6] REI had previously been hopeful of securing financing for the project from Japan Bank for International Cooperation.[5]

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.

References

  1. ↑ https://www.google.com/maps/place/61%C2%B016'06.3%22N+149%C2%B055'01.3%22W/@61.268424,-149.9196049,555m/data=!3m2!1e3!4b1!4m4!3m3!8m2!3d61.268424!4d-149.91703?entry=ttu&g_ep=EgoyMDI1MDcyMS4wIKXMDSoASAFQAw%3D%3D. {{cite web}}: Missing or empty |title= (help)
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/050815-japans-resources-energy-advances-plans-for-lng-plant-in-cook-inlet-alaska. {{cite web}}: Missing or empty |title= (help)
  3. ↑ 3.0 3.1 3.2 https://www.adn.com/business-economy/energy/2017/04/04/japanese-consortium-drops-cook-inlet-lng-effort/. {{cite web}}: Missing or empty |title= (help)
  4. ↑ https://www.adn.com/business-economy/energy/2017/04/04/japanese-consortium-drops-cook-inlet-lng-effort/ https://www.adn.com/business-economy/energy/2017/04/04/japanese-consortium-drops-cook-inlet-lng-effort/; https://www.adn.com/business-economy/energy/2017/04/04/japanese-consortium-drops-cook-inlet-lng-effort/. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  5. ↑ 5.0 5.1 Tim BradnerJapan's Resources Energy advances plans for LNG plant in Cook Inlet, Alaska S&P Global, May 8, 2015
  6. ↑ Japanese consortium drops Cook Inlet LNG effort Anchorage Daily News, Apr. 4, 2017