0:41

Matt Kissinger

28:14 - 28:56

"In 2016, they brought in Wood Mackenzie, and they asked Wood Mackenzie to do a competitiveness analysis of the project. And Wood Mackenzie said that the project ranked poorly in terms of competitiveness. And they recommended that we adopt a debt-funded third-party tolling structure rather than what would normally be your IOC, your International Oil Company balance sheet financed project."

In 2016, they brought in Wood Mackenzie, and they asked Wood Mackenzie to do a competitiveness analysis of the project. And Wood Mackenzie said that the project ranked poorly in terms of competitiveness. And they recommended that we adopt a debt-funded third-party tolling structure rather than what would normally be your IOC, your International Oil Company balance sheet financed project.
Speaker
Matt Kissinger
Community
Alaska News
Location
Alaska
Captured at
May 27, 2026

From the transcript

In 2016, they brought in Wood Mackenzie, and they asked Wood Mackenzie to do a competitiveness analysis of the project. And Wood Mackenzie said that the project ranked poorly in terms of competitiveness. And they recommended that we adopt a debt-funded third-party tolling structure rather than what would normally be your IOC, your International Oil Company balance sheet financed project. Project finance had become a common tool in the development of all the LNG projects at the— along the U.S. Gulf Coast. It's a tool that has allowed these smaller, more nimble investors to build the creditworthiness of individual projects and move them forward.

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Alaska Gasline Development Corporation testified to the House Finance Committee that Alaska's property tax structure would impose costs roughly 10 times higher than competing LNG projects, with potential annual taxes exceeding $800 million compared to $50 million at the next-highest jurisdiction. AGDC officials said property tax restructuring has been identified as a critical economic lever since 2020, though they acknowledged waiting until late March 2026 to bring legislation forward was a timing mistake.

Bill AlaskaNewsby Bill AlaskaNews3mo ago3 min readAI
Alaska
Cover image for article: AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects