Bert Stedman
44:33 - 45:20
“ConocoPhillips, as I recall, was concerned that that could be a company-ending event if it was to go south. The project was so big.”
- Speaker
- Bert Stedman
- Timestamp
- 44:33 – 45:20
- Transcript
- SFIN-260527-0900
- Community
- Alaska News
- Captured at
- May 27, 2026
From the transcript
So this is a feature which is often encountered in LNG projects of this sort, and I've put a few examples on this next page in terms of how people have dealt with that. Mr. Secretary Steadman. Back on a previous slide, just to— I think we're kind of glossing over the scale, 'cause as I recall that the previous framework of 138, those companies had significant balance sheets to put on the table. But one in particular, ConocoPhillips, as I recall, was concerned that that could be a company-ending event if it was to go south. The project was so big.
Related Coverage
Alaska LNG could cost $70 billion; state's 25% stake faces dilution
Alaska’s LNG project may have just gotten a $24 billion “whoops.” The state has been planning around a $46 billion price tag, but lawmakers were told the real number may be closer to $70 billion — which is less of a budget update and more of a financial jump scare.
