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“we're looking at the project capital cost and the upstream gas price and how that relates to cumulative state revenues over life of project. And we— and again, this assumes that the full AK LNG project goes forward under any of these tax regimes.”
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From the transcript

Slide 7, we were asked to analyze the relationship between upstream gas price and state revenues. And so what we've done for this is we've presented a sensitivity matrix similar to the matrices that I presented earlier. But in this case, we're looking at the project capital cost and the upstream gas price and how that relates to cumulative state revenues over life of project. And we— and again, this assumes that the full AK LNG project goes forward under any of these tax regimes. And what we see here is obviously higher state revenues with higher gas prices because that would increase production tax and royalty from the upstream.

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