Taiwan’s CPC Plans Up to $4.4 Billion for Alaska LNG Project

Taiwan’s state-owned CPC plans to join development of the Alaska LNG project with investment estimated at up to $4.4 billion, while arranging annual purchases that could make it a major prospective buyer for the proposed export facility. CPC plans to purchase 6 million metric tons of liquefied natural gas (LNG) per year once the project begins production. The investment estimate and commercial arrangements remain subject to further negotiations. The project is designed to move natural gas from Alaska’s North Slope to an export terminal in Nikiski through a planned 807-mile pipeline.

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