
Adam Prestidge
16:18 - 16:49
"Amendment 3 provided force majeure allowance, basically that if there is a date, a deadline for the project, it can be reasonably extended by the Department of Revenue Commissioner in the event of a force majeure. That is a helpful addition. It is good for the project."
“Amendment 3 provided force majeure allowance, basically that if there is a date, a deadline for the project, it can be reasonably extended by the Department of Revenue Commissioner in the event of a force majeure. That is a helpful addition. It is good for the project.”
- Speaker
- Adam Prestidge
- Timestamp
- 16:18 – 16:49
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 27, 2026
From the transcript
The first is Amendment 3. This goes back to the discussion around the project deadlines, 2028, 2032, 2037. Amendment 3 provided force majeure allowance, basically that if there is a date, a deadline for the project, it can be reasonably extended by the Department of Revenue Commissioner in the event of a force majeure. That is a helpful addition. It is good for the project.
Related Coverage
Gas-line developer warns Alaska's Senate terms could drive it off
Glenfarne warned an Alaska conference committee that Senate amendments to the HB 381 gas-line tax bill, including a 9.4% investor tax, could deter investment and threaten the project.
