Liquefied natural gas exports have been part of the Alaskan energy industry for more than 40 years, but ExxonMobil (NYSE:XOM), BP (NYSE:BP), and TransCanada (NYSE:TRP) have big plans to change that. These major players in Alaskan oil and gas are planning a $65 billion LNG facility that will export more than half of the total export capacity the U.S. has approved so far this year. Not only could this be a major win for America as it asserts its presence on the LNG map, but this new facility could be a major gain for Exxon, BP, and ConocoPhillips (NYSE:COP) because it will finally give these companies the outlet to monetize large quantities of natural gas in the North Slope region of Alaska.
So, among the companies involved in this project, which will see the greatest benefit? Fool contributor Tyler Crowe has the answer. In this video, he explains why Alaskan LNG is so significant and which company has the best outlook.
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