Latest news with #QilakLNG
AsiaOne
20 hours ago
- Business
- AsiaOne
US mulled use of Russia icebreakers for gas development ahead of summit: Sources, World News
LONDON — The United States has had internal discussions on using Russian nuclear-powered icebreaker vessels to support the development of gas and LNG projects in Alaska as one of the possible deals to aim for when President Donald Trump meets Vladimir Putin on Friday (Aug 15), three sources familiar with the matter told Reuters. Trump landed in Alaska on Friday for what he called a "high stakes" summit with Russia's Putin to discuss a ceasefire deal for Ukraine and end the deadliest war in Europe since World War Two. Both the US and Russian presidents, meeting at a Cold War-era air force base in Alaska's largest city, are seeking wins from their first face-to-face talks since Trump returned to the White House. The icebreaker idea has been discussed among White House officials as one of the potential deals to try to strike with Russia at the Alaska summit, one of the sources said. The ongoing talks between the US and Russia over Ukraine have included discussions about business deals. The White House is planning to continue this approach at the summit on Friday, said the source, who like the others spoke on condition of anonymity due to the sensitivity of the talks. The White House did not immediately respond to a request for comment. Kremlin officials were not available for comment. Russia operates the world's only fleet of nuclear-powered icebreakers, which play a central role in maintaining year-round shipping access along the Northern Sea Route, a strategic path for global energy and trade flows. Trump's administration is pushing to transport gas from Alaska's remote north to Asian clients. Trump has pitched Alaska LNG, a proposed US$44 billion (S$56 billion) project to ship liquefied natural gas along a 800 mile pipeline from Alaska, to Asian buyers as a way to reduce their dependence on Russian LNG. Another project, similarly aimed at Asian markets, is Qilak LNG, which is targeting 4 million tons per annum of LNG. Mead Treadwell, a Qilak LNG founder, said it would not be unusual for a US LNG project to rely on icebreakers of any nation that the US government allowed. "But we haven't specifically asked for that," Treadwell said. An industry source said that Alaska LNG had "no identified needs for Russian icebreakers". Reuters was not immediately able to establish which, if any, specific project would benefit if a deal was reached in the Alaska talks. The nuclear icebreakers could also facilitate the transport of construction materials and equipment to remote areas in Alaska, where infrastructure is limited and weather conditions are harsh. [[nid:721409]]
NDTV
a day ago
- Business
- NDTV
US Mulled Use Of Russia Icebreakers For Gas Development Ahead Of Summit, Say Sources
The United States has had internal discussions on using Russian nuclear-powered icebreaker vessels to support the development of gas and LNG projects in Alaska as one of the possible deals to aim for when President Donald Trump meets Vladimir Putin on Friday, three sources familiar with the matter told Reuters. Trump landed in Alaska on Friday for what he called a "high stakes" summit with Russia's Putin to discuss a ceasefire deal for Ukraine and end the deadliest war in Europe since World War Two. Both the US and Russian presidents, due to meet at a Cold War-era air force base in Alaska's largest city, are seeking wins from their first face-to-face talks since Trump returned to the White House. The icebreaker idea has been discussed among White House officials as one of the potential deals to try to strike with Russia at the Alaska summit, one of the sources said. The ongoing talks between the US and Russia over Ukraine have included discussions about business deals. The White House is planning to continue this approach at the summit on Friday, said the source, who like the others spoke on condition of anonymity due to the sensitivity of the talks. The White House did not immediately respond to a request for comment. Kremlin officials were not available for comment. Russia operates the world's only fleet of nuclear-powered icebreakers, which play a central role in maintaining year-round shipping access along the Northern Sea Route, a strategic path for global energy and trade flows. Trump's administration is pushing to transport gas from Alaska's remote north to Asian clients. Trump has pitched Alaska LNG, a proposed $44 billion project to ship liquefied natural gas along a 800-mile pipeline from Alaska, to Asian buyers as a way to reduce their dependence on Russian LNG. Another project, similarly aimed at Asian markets, is Qilak LNG, which is targeting 4 million tons per annum of LNG. Qilak did not immediately respond to a request for comment. An industry source said that Alaska LNG had "no identified needs for Russian icebreakers." Reuters was not immediately able to establish which, if any, specific project would benefit if a deal was reached in the Alaska talks. The nuclear icebreakers could also facilitate the transport of construction materials and equipment to remote areas in Alaska, where infrastructure is limited and weather conditions are harsh.
Hindustan Times
a day ago
- Business
- Hindustan Times
US mulled use of Russia icebreakers for gas development ahead of summit-sources
* US mulled use of Russia icebreakers for gas development ahead of summit-sources Trump-Putin summit to discuss Ukraine ceasefire and LNG project * Alaska LNG project involves 800-mile pipeline for Asian exports * Russia's nuclear icebreaker vessels crucial for Northern Sea Route access By Marwa Rashad and Anna Hirtenstein LONDON, - The United States has had internal discussions on using Russian nuclear-powered icebreaker vessels to support the development of gas and LNG projects in Alaska as one of the possible deals to aim for when President Donald Trump meets Vladimir Putin on Friday, three sources familiar with the matter told Reuters. Trump landed in Alaska on Friday for what he called a "high stakes" summit with Russia's Putin to discuss a ceasefire deal for Ukraine and end the deadliest war in Europe since World War Two. Both the U.S. and Russian presidents, due to meet at a Cold War-era air force base in Alaska's largest city, are seeking wins from their first face-to-face talks since Trump returned to the White House. The icebreaker idea has been discussed among White House officials as one of the potential deals to try to strike with Russia at the Alaska summit, one of the sources said. The ongoing talks between the U.S. and Russia over Ukraine have included discussions about business deals. The White House is planning to continue this approach at the summit on Friday, said the source, who like the others spoke on condition of anonymity due to the sensitivity of the talks. The White House did not immediately respond to a request for comment. Kremlin officials were not available for comment. Russia operates the world's only fleet of nuclear-powered icebreakers, which play a central role in maintaining year-round shipping access along the Northern Sea Route, a strategic path for global energy and trade flows. Trump's administration is pushing to transport gas from Alaska's remote north to Asian clients. Trump has pitched Alaska LNG, a proposed $44 billion project to ship liquefied natural gas along a 800-mile pipeline from Alaska, to Asian buyers as a way to reduce their dependence on Russian LNG. Another project, similarly aimed at Asian markets, is Qilak LNG, which is targeting 4 million tons per annum of LNG. Qilak did not immediately respond to a request for comment. An industry source said that Alaska LNG had "no identified needs for Russian icebreakers." Reuters was not immediately able to establish which, if any, specific project would benefit if a deal was reached in the Alaska talks. The nuclear icebreakers could also facilitate the transport of construction materials and equipment to remote areas in Alaska, where infrastructure is limited and weather conditions are harsh. This article was generated from an automated news agency feed without modifications to text.
Reuters
19-03-2025
- Business
- Reuters
Qilak LNG, Alaska's smaller gas project, seeks a role in Trump's Asia push, CEO says
Summary Qilak LNG aiming to produce 4 mln T per year, CEO Treadwell says Wants to be part of Trump's gas push for Asia Asian buyers should diversify their purchasing strategy from Russia, CEO says TOKYO, March 19 (Reuters) - Qilak LNG, which is hoping to develop a LNG project in Alaska, wants to be part of U.S. President Donald Trump's push for rising gas exports from the remote peninsula to Asian markets, its Chief Executive Mead Treadwell told Reuters. Trump's administration is pushing to transport gas south from Alaska's remote north via a $44 billion 1,300-km (800-mile) pipeline, to be shipped as liquefied natural gas to Japan, South Korea and Taiwan, in a project known as Alaska LNG. "There is a lot of excitement between the United States and Japan about natural gas from Alaska," Treadwell said by phone. "We remind people on the both sides of the Pacific that Texas and Louisiana have multiple LNG projects, and so does Alaska." Qilak LNG, with initial targeted capacity of 4 million tones of LNG per year, is talking to the Trump administration about necessary permits and to companies in Japan and South Korea about potential participation in a feasibility study, he said. "We have invited some people who have an interest in offtake (deals) to be observers of the feasibility study, and they include large and small offtakers in Asia, a potential offtaker in the United States and perhaps two (in the U.S.)," Treadwell said. Japanese Prime Minister Shigeru Ishiba met with Trump last month and discussed the 20-million-tones-per annum Alaska LNG project. The project's developers are touring Taiwan, Thailand, South Korea and Japan this month seeking commitments. "One is a much larger project. One is a much smaller project," Treadwell said. "The fact that there are two projects out there doesn't mean one has to kill the other." Qilak LNG is targeting production by early 2033, he added. The project forecasts capital expenditures of $1,000 to $1,250 per ton of liquefaction capacity, according to its recent presentation, or around $4 billion to $5 billion in costs. "President Trump's administration is committed to unleashing the full energy potential of Alaska," a spokesperson for the U.S. Department of Energy told Reuters, without specifically mentioning Qilak LNG. "LNG from Alaska has a massive potential." Some analysts have questioned whether LNG from Alaska could still be a competitive option if sanctions on Russia's Arctic LNG 2 project are lifted as a result of a peace deal on Ukraine Trump is seeking with Moscow. "No matter than happens with Russia coming back to the market, it is reasonable to suggest to Asian buyers that they diversify their northern strategy," Treadwell said.
