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Biden administration allows export of liquefied natural gas from Alaska


Reuters reports that the Alaska Gasline Development Corp (AGDC) project has received approval from the US Department of Energy to export liquefied natural gas to countries that do not have a free trade agreement with America. This will allow competing with Russia for natural gas supplies to Asia. The cost of the project is $39 billion, and the direction of gas exports is mainly to Asian countries. The company says the project will provide Alaskans and US allies with low-carbon energy. However, the project has received criticism from environmental groups calling it a "carbon bomb". Despite this, the Biden administration's environmental review found the project to have economic and international security benefits, and opponents failed to show that exports were not in the public interest.

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Forex Award | World Forex Award | Forex
Forex Award | World Forex Award | Forex
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