
SEOUL, Oct. 1 (UPI) -- There is an "enormous potential" for Japan and South Korea in the natural gas reserves in the North Slope of Alaska, Gov. Sean Parnell said.
Parnell is on an economic trade mission to South Korea and Japan to tout Alaska's energy potential.
"We look forward to capitalizing on the enormous potential that exists for Alaska's North Slope natural gas in our state and in Pacific Rim nations," he said in a statement.
"This is a great opportunity to strengthen existing relationships and build new ones that will grow economic opportunity with Japan and South Korea."
Asian demand for natural gas is expected to increase dramatically. Japan imports liquefied natural gas exclusively and demand there is expected to surge as the country retools its energy mix in the wake of the 2011 meltdown of the Fukushima Daiichi nuclear power plant.
Alaska is the only U.S. state that exports LNG. The existing facility can process around 240 million cubic feet of gas per day.
Top executives at BP, ConocoPhillips and Exxon Mobil have considered LNG deliveries to Asian markets as an attractive option for Alaskan reserves.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
LONDON, June 19 (UPI) --
An oil company working in northern Iraq said Wednesday it was looking to confirm the region may be one of the best in the world in terms of resource potential.
|
PARIS, June 19 (UPI) --
Aerospace industry contracts for commercial aircraft, related systems and services worth billions of dollars are being reported from the Paris Air Show.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption