Frank Richards
21:23 - 22:02
“This is the topic of discussion is really around the oil and gas property tax and what is truly going to allow this project to remain as an economic project that will move forward in this very competitive environment.”
- Speaker
- Frank Richards
- Timestamp
- 21:23 – 22:02
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Mr. Richards, do you have any comments on Senator Steadman's statement through the chair,. Frank Richards, AGDC to Senator Sedman's statement? I completely agree. This is the topic of discussion is really around the oil and gas property tax and what is truly going to allow this project to remain as an economic project that will move forward in this very competitive environment. Articles today were identifying that Canada LNG is looking at expanding to a phase two of their project to get to 28 million tons per year.
Related Coverage
Glenfarne's own cost estimate for Alaska LNG is now significantly higher than AGDC's — and the state's equity option sits in the middle of the new math
Glenfarne raised Alaska LNG cost estimate to 44.5 to 54.5 billion dollars, up from state agency's 38.7 billion. • Legislature can buy 5 to 25 percent equity stake within 180 days after final investment decision. • Property tax reform is central to project financing, with current rates costing roughly 380 million dollars yearly during construction.
