Governor Dunleavy Updates on Alaska Natural Gas Project

Alaska Governor Mike Dunleavy provided a crucial update on the state’s long-anticipated natural gas project during a luncheon hosted by the Greater Fairbanks Chamber of Commerce. Highlighting strong interest from the Trump administration, Dunleavy remarked on the strategic advantages Alaska holds for both the nation and local residents.

He described the trans-Alaska pipeline as a revolutionary endeavor, noting its benefits for rural Alaskans. In March, the Alaska Gasline Development Corporation finalized a contract with the Glenfarne Group, which now holds majority stakes in the $44 billion project. The initiative will feature a 750-mile pipeline from the North Slope to Anchorage, an export hub in Nikiski, and a carbon capture plant.

With a biting winter in Anchorage adding urgency, Dunleavy recalled instructing military bases to reduce heating for operational stability. He emphasized the bipartisan backing for this massive project, which he believes will benefit all Alaskans once operational. Having shifted from skepticism to confidence, he cited secured permits, established rights of way, and a $30 billion loan guarantee as pivotal to the project’s progression.

The front-end engineering design (FEED) is set for completion this fall, with hopes for pipeline orders by next year. The expected completion is in 2029, with further facilities projected for 2030-2031. Dunleavy asserted that reducing energy costs will enhance competitiveness, potentially attracting industries like AI data farms. He also noted the economic advantages for Alaskans, forecasting 1,000 long-term jobs and opportunities for workforce development.

Addressing potential investment in a lateral line to Fairbanks, Dunleavy remarked on its necessity if beneficial for the community.