Here’s the $10 billion reason for the high cost of Alaska LNG

The Alaska LNG megaproject has a $10 billion problem other gas projects don't face — a huge volume of carbon dioxide must be prevented from entering the atmosphere where it may speed up global warming.

The senior manager for the project, an employee of the lead oil company, ExxonMobil, said there is no federal law requiring that all carbon dioxide — a major greenhouse gas — be captured and controlled, like being injected back, deep into the ground.

But Steve Butt said the project's partners — Exxon, ConocoPhillips, BP and the state of Alaska — will never support venting 400 million to 500 million cubic feet of carbon dioxide into the air daily.

That's an "astronomical" amount, he said, about double the volume of natural gas used in Alaska each day.

Read more: http://www.adn.com/business-economy/energy/2016/08/06/heres-the-10-billion-reason-for-the-high-cost-of-alaska-lng/