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Green light for LNG exports from Alaska project

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The Biden administration has approved exports of liquefied natural gas from an Alaskan LNG project.
The Department of Energy approved Alaska Gasline Development Corp's (AGDC) exports of LNG from the project to countries with which the United States does not have a free trade agreement, Reuters reported.
Alaska LNG includes a liquefaction facility on the Kenai Peninsula in southern Alaska and a proposed 807-mile (1,300-km) pipeline to move gas stranded in northern Alaska across the state.
The Biden administration last month approved the ConocoPhillips (COP.N) Willow oil and gas drilling project on Alaska's North Slope.
The Biden administration is trying to approve more US LNG exports as it competes with Russia, traditionally one of the world's largest energy exporters.
Russia is under pressure from Western sanctions for its invasion of Ukraine, and the US has boosted LNG exports to Europe after Moscow cut gas pipeline shipments to the continent.
The Federal Energy Regulatory Commission (FERC), an independent agency, has regulatory oversight of Alaska LNG's siting, construction and operation. FERC approved construction in 2020.






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