
Todd Griffith
79:31 - 79:59
"as announced by Glenfarn earlier this year, ExxonMobil and Glenfarn have agreed to a gas sale precedent agreement for the Alaska LNG Phase 1 project. And while we have a confidentiality agreement and cannot comment on specific gas sale terms, I can confirm that the precedent agreement addresses both gas price and volumes."
“as announced by Glenfarn earlier this year, ExxonMobil and Glenfarn have agreed to a gas sale precedent agreement for the Alaska LNG Phase 1 project. And while we have a confidentiality agreement and cannot comment on specific gas sale terms, I can confirm that the precedent agreement addresses both gas price and volumes.”
Additionally, as announced by Glenfarn earlier this year, ExxonMobil and Glenfarn have agreed to a gas sale precedent agreement for the Alaska LNG Phase 1 project. And while we have a confidentiality agreement and cannot comment on specific gas sale terms, I can confirm that the precedent agreement addresses both gas price and volumes.
Three major North Slope producers told the Alaska Senate Finance Committee they signed gas sale precedent agreements for Alaska LNG Phase 1 and will sell at the lease line. That structure means midstream pipeline and treatment costs won't be deductible against oil production tax.
