Alaska signs gas pipeline project deal with China | WHAT REALLY HAPPENED


Alaska signs gas pipeline project deal with China

The state of Alaska took a major step toward realizing a long-sought pipeline to move natural gas from the North Slope to Asia, siding with interests from China after major oil companies stepped back from the project.

The agreement Alaska Gov. Bill Walker signed Thursday in Beijing with Sinopec, China Investment Corp. and the Bank of China does not guarantee a pipeline will be built, but it gives the lingering liquefied natural gas project a jolt of life.

“This is the market responding, and we’re very, very pleased with that,” Walker told reporters in a teleconference from Beijing.

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