Skip to main content
0:34

Adam Prestidge

16:50 - 17:25

“It could be a little bit broader because force majeure is really kind of acts of God outside of the control of the project. There can be other delays to a project like this that wouldn't necessarily be picked up within a force majeure definition, such as archaeological finds or shipping delays. And so we'd advocate that it would be beneficial to the project to look at broadening that definition a little bit.”
Community
Alaska News
Location
Alaska
Captured at

From the transcript

It could be a little bit broader because force majeure is really kind of acts of God outside of the control of the project. There can be other delays to a project like this that wouldn't necessarily be picked up within a force majeure definition, such as archaeological finds or shipping delays. And so we'd advocate that it would be beneficial to the project to look at broadening that definition a little bit. But regardless, the inclusion of a force majeure extension is beneficial to the project.

Related Coverage

Gas-line developer warns Alaska's Senate terms could drive it off

Glenfarne told lawmakers the Senate's gas-line amendments — a 9.4% investor tax, an automatic state takeover clause, tough labor rules — could make it walk. Lawmakers say they're protecting the state.

Cover image for article: Gas-line developer warns Alaska's Senate terms could drive it off