Chinese companies agree to develop LNG in Alaska as Trump visits

A full moon helps illuminate an Alaskan pipeline under the faint glow of the Aurora Borealis on November 19, 2002 near Milne Point, Alaska.

Greg A. Syverson/Getty Images

A full moon helps illuminate an Alaskan pipeline under the faint glow of the Aurora Borealis on November 19, 2002 near Milne Point, Alaska.

The agreement will involve investment of up to $43 billion, create up to 12,000 U.S. jobs during construction, reduce the trade deficit between the United States as well as Asia by $10 billion a year, as well as give China clean energy, the idea said.

There were no some other details. AGDC can be building a gas treatment plant, an 800-mile (1,287 km) pipeline to south central Alaska for in-state use, as well as a liquefaction plant in Nikiski to produce up to 20 million tons of LNG per year for export.

China, the earth’s third-largest gas buyer, can be importing more LNG as the government tries to wean the country off dirty coal as part of its push to clear the skies, while the United States wants to sell more of its excess gas abroad.

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