Alaska LNG hinges on Chinese funding, FID planned in 2019

Friday, 02 November 2018

Regardless of the trade war between the United States and China, state-controlled Sinopec has reaffirmed plans to reserve 75% of the project's LNG production capacity. Sinopec wants to become the project’s main offtake customer, allowing CIC Capital to be an equity investor, while the Bank of China will help refine the financing structure. Financial close is targeted for late 2019, or in early 2020. 

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