The resolution urges the Export-Import Bank of the United States to prioritize funding for domestic projects, specifically the Alaska Liquefied Natural Gas (LNG) project, which is essential for developing and exporting LNG from Alaska's North Slope. The project, which includes an extensive pipeline and a liquefaction facility, aims to begin exports by 2031 but faces challenges such as securing financing and environmental approvals. The Alaska State Legislature expresses concern that the bank's recent approval of a $4.7 billion loan for the Mozambique LNG project could undermine the Alaska project by creating competition in the global market, particularly in Asia.
The resolution emphasizes the importance of aligning funding decisions with national energy security objectives and calls for the Export-Import Bank to reconsider its support for the Mozambique project in light of potential human rights issues and its impact on domestic energy initiatives. It requests that the bank provide equal support for the Alaska LNG project to ensure that U.S. energy exports meet long-term national goals without compromising domestic projects. Copies of the resolution will be sent to key officials, including members of Alaska's congressional delegation.