
Nicholas Fulford
11:16 - 12:31
"as you consider the tax arrangements for AKLNG, whether it be property tax or something different, a lot of these international investors will be looking at which is the most favorable tax rate, tax environment to operate in"
“as you consider the tax arrangements for AKLNG, whether it be property tax or something different, a lot of these international investors will be looking at which is the most favorable tax rate, tax environment to operate in”
So they, they did succeed. LNG Canada started delivering about 18 months ago, a little bit more now, and so they've got 14 million tonnes in, in delivery. They are contemplating a second phase of another 14 million tonnes, and there are a number of other LNG projects out there which I'll come on to. So, in the sense that capital and investment is globally mobile, there are investors who would be comparing and contrasting right now the projects in Canada with the project here in, in Alaska, and considering a whole range of things including gas availability, risk, fiscal stability, and ultimately the economics. So as you consider the tax arrangements for AKLNG, whether it be property tax or something different, a lot of these international investors will be looking at which is the most favorable tax rate, tax environment to operate in, and obviously along with the other things like how much gas there is and how much it costs.
Senate Finance heard Wednesday that British Columbia's LNG Canada project received federal tax deferrals and accelerated depreciation before final investment decision, creating a competitive fiscal framework Alaska must consider as it weighs property tax alternatives for Alaska LNG.
