ANCHORAGE, Alaska (AP) — A federal commission has issued the final environmental impact statement for the $40 billion Alaska LNG Project.

The Federal Energy Regulatory Commission released the document Friday that largely affirmed the plan proposed by the state-owned Alaska Gasline Development Corp., The Alaska Journal of Commerce reported.

The Alaska LNG Project is the latest attempt to commercialize large volumes of North Slope natural gas.

State and energy company officials have tried since the 1970s to compile a plan to produce and sell the gas considered “stranded’’ because the...