Prudhoe Bay, Alaska
Alaska LNG advances on energy security concerns
The supply shock caused by Russia’s invasion of Ukraine could push the long-delayed liquefaction project across the finish line
The focus on boosting energy security following Russia’s invasion of Ukraine last February has revived the fortunes of the stalled Alaska LNG development. The liquefaction project—also known as 8-Star—is being developed by state-owned Alaska Gasline Development Corp (AGDC), after a consortium made up of North Slope producers ConocoPhillips, ExxonMobil and BP (which has since sold its Alaskan business to independent Hilcorp Energy) dropped the scheme in 2016, claiming poor economics. AGDC is now confident the project will achieve FID within the next few years, its president, Frank Richards, tells Petroleum Economist. “Russia’s invasion of Ukraine has led to a dramatic increase in interest fro
Also in this section
24 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
