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Stock impact report

Alaska LNG export project requires further massive public subsidy [Yahoo! Finance]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Yahoo! Finance
The fuel would be transferred from ships to the tanks on the left, still in liquid form, before being converted back into gas and sent into a pipeline. (Courtesy Harvest) Sponsors for the proposed 807-mile Alaska gas pipeline and liquefied natural gas processing and export facilities are seeking additional massive public subsidies to make the project viable. Even fallout from the largest “ oil disruption in history ” isn't enough to overcome the need. Although President Trump initially boasted that the Alaska LNG export project would be a signature accomplishment of his administration, the project appears vastly over budget and shrouded in secrecy. The project is being advanced by a partnership of the private firm Glenfarne Group, which has a 75% share, and 8 Star Alaska LLC a private subsidiary of the state-owned Alaska Gasline Development Corporation, with a 25% share. AGDC gave 75% of 8 Star Alaska's assets, including permits, rights of way, research and data, to Glenfarne in Show less Read more
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