Wright Backs Alaska LNG, Seeks Funding Solutions

0:00It's April 21st, welcome in. This is Anchorage News Today, where local news meets AI, I'm Corey, with the story. US Energy Secretary Chris Wright just put Alaska LNG at the top of his infrastructure list. During a Senate hearing this week, he backed the massive project to build an 800-mile pipeline and export terminal for North Slope Natural. Guess, financing stays the biggest hurdle, though. Wright called it tricky since the pipeline has to go up first before anyone touches the terminal. Alaskans have pushed this for years, with natural gas from oil drilling mostly just pumped back underground. Early estimates pay costs at $38,700,000, but some figures nearly double that. The payoff could ease gas shortages in Alaska cities and ship supplies straight to Asia, skipping risky spots like the straight of Hormuz. Wright agreed it's a quick route to big buyers there. He's all in with the hype, but no clear fixes on the cashfront yet. Oops, the door opened for what's next on this energy play.