AGDC Meets with Chinese President Xi Jinping

ANCHORAGE – On Friday, April 7, the President of the People’s Republic of China (PRC), His Excellency Xi Jinping, met with Alaska Governor Bill Walker, Alaska Gasline Development Corporation (AGDC) president, Keith Meyer, and other State of Alaska representatives in Anchorage, Alaska. President Xi, traveling with PRC First Lady Peng Liyuan and a delegation of high-ranking Chinese officials, visited Anchorage for an evening of meetings and dinner after first having met with President Donald J. Trump in Florida earlier that day.

China is Alaska’s largest trading partner, importing more than a quarter of the state’s exports. President Xi’s visit signifies the commitment to these longstanding commercial ties as well as provides an occasion to explore new, mutually beneficial opportunities.

One such opportunity, and a significant point of discussion between President Xi, Governor Walker, and Mr. Meyer, is the Alaska LNG project. The project is an integrated gas infrastructure development with three major components: a gas treatment plant located at Prudhoe Bay, an 800-mile pipeline to Southcentral Alaska with up to five offtakes for
in-state use, and a natural gas liquefaction plant and export terminal in Nikiski, Alaska.

Working together, Alaska and China are positioned to greatly benefit from the Alaska LNG project.

During dinner, President Xi mentioned the large scale of Chinese need for natural gas, saying his country has “100 years of demand.” Mr. Meyer replied, “Alaska has 100 years supply,” iterating Alaska is the ideal partner to help China meet its energy needs.

The project will enable Alaska to monetize one of the world’s largest proven natural gas resources. It is anticipated to create 9,000 to 12,000 jobs for design and construction with approximately 700 to 1,000 permanent jobs upon completion.

The project will provide China with clean, reliable, and competitive energy for generations.
Additional incentives for both governments to pursue the Alaska LNG project include climate change and the trade balance between the two nations.

“The Alaska LNG project offers tremendous upside potential for both Alaska and China,” said Mr. Meyer. “We will put Alaskan’s to work, monetize the state’s vast natural gas resource, and provide China with clean energy to move forward. This is a win-win opportunity.”

The parties agreed to have further meetings in China, Alaska, and Washington D.C.

Chinese Central Television (CCTV) captured this image of Alaska Governor Bill Walker meeting with Chinese President Xi Jinping at the Hotel Captain Cook on April 7, 2017 in Anchorage, AK. Also in the frame, from left to right, are Chinese Consul General to San Francisco Luo Linquan, Alaska First Lady Donna Walker, China’s First Lady Peng Liyuan, Alaska Lieutenant Governor Byron Mallott, Governor Walker’s Chief of Staff Scott Kendall, Alaska Gasline Development Corporation President Keith Meyer, and Alaska Department of Revenue Commissioner Andy Mack.

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