
Dan Stickel
94:16 - 95:05
"a lot of these assumptions were developed before Glenfarn came onto the scene. We have not received a lot of detailed information and details details on project plan from them, given confidentiality. And so we have carried forward many of these assumptions. There was a significant amount of work that was done in 2018 and 2019."
“a lot of these assumptions were developed before Glenfarn came onto the scene. We have not received a lot of detailed information and details details on project plan from them, given confidentiality. And so we have carried forward many of these assumptions. There was a significant amount of work that was done in 2018 and 2019.”
And so some of these, many of these assumptions were developed under the producer-led pipeline project under Parnell administration and then modified under the state-led pipeline project under the Walker administration. And so a lot of these— a lot of the assumptions were developed before Glenfarn came onto the scene. We have not received a lot of detailed information and details details on project plan from them, given confidentiality. And so we have carried forward many of these assumptions. There was a significant amount of work that was done in 2018 and 2019.
The Alaska Senate added a corporate income tax on oil and gas pass-through entities like Hilcorp to the AK LNG gas-pipeline bill (HB 381), effective 2028 regardless of the project.

State economist Dan Stickel told a legislative conference committee Friday that the Senate version of HB 381 reduces the Alaska LNG export break-even price from $9.05 to $8.62 per thousand cubic feet — still above current futures market prices near $8 — prompting Rep. Justin Ruffridge to say the project simply "doesn't work."
