
President/Executive Vice President, Business Affairs, LNG · Glenfarne Alaska LNG
5 articles · 13 transcripts · 24 clips
Adam Prestidge is the President and Executive Vice President of Business Affairs, LNG at Glenfarne Alaska LNG, working on the Alaska LNG project.
“We would not ask for any numerical value to be assigned based on the implementation of a tax arrangement.”
“it is not a firm commitment that all of the permits must be obtained because that is outside of the scope of the project developer's control. That is outside of 8 Star's control. At the end of the day, if there is a regulatory agency that for some reason declined to issue permits for the Fairbanks Spur Line, we wouldn't want that to jeopardize the tax treatment for the overall project that benefits the entire state of Alaska.”
“to prioritize working with Alaska-based companies, Alaska Native corporations, and hiring Alaskans for this project”
“the Alaska Advantage principles you see on the screen here are unique. And you wouldn't normally find this in a typical private equity type investment”
“if you tally up the stacked tariffs that are presented in this bill, 15 cents, 15 cents, and 25 cents, you end up with a 55-cent per MCF tax. I would describe that as very burdensome for the project and potentially prohibitively so in terms of having a Phase 1 project go forward on any of the timelines that we've discussed”