Juneau, Alaska (KINY) UP to $2 billion per year could be headed to Alaska Government should they reach a final deal with China on the trans-Alaska gas pipeline project.
Gov. Bill Walker touted the benefits the gas pipeline would bring to Alaska, though the project, which the state is pursuing with Chinese partners, is far from assured.
Walker says the project could provide affordable natural gas to communities, thousands of jobs and up to $2 billion a year in revenue for the state.
:"This will open up Alaska, perhaps like we have never seen before," he added.
He predicted there will be no lack of gas in Alaska should the project move forward. He also predicted the state would no longer have the highest unemployment rates in the nation if this project comes to fruition.
He said Alaska also wants to work with China on trade and travel.
"Asia is our market. So many of our resources are needed in the large market in the world which is China," he added.
Walker's office on Tuesday released the gas line agreement that Walker and the president of the state-sponsored Alaska Gasline Development Corp. signed with Chinese partners earlier this month.
The parties are to explore by May 31 whether it's feasible for them to invest.