
Nicholas Fulford
29:30 - 30:03
"that was the project that was— that existed back in 2014-15. With ConocoPhillips, BP in those days, ExxonMobil, and the state all having a similar equity share in the project right the way through from the wellhead down to the LNG ships."
“that was the project that was— that existed back in 2014-15. With ConocoPhillips, BP in those days, ExxonMobil, and the state all having a similar equity share in the project right the way through from the wellhead down to the LNG ships.”
So everything is kind of streamlined and, and aligned. And what this means is that the, the number of commercial interfaces and the number of negotiations that have to take place are considerably reduced. And, and that was the project that was— that existed back in 2014-15. With ConocoPhillips, BP in those days, ExxonMobil, and the state all having a similar equity share in the project right the way through from the wellhead down to the LNG ships.
The Alaska State Senate Finance Committee heard Wednesday that the Alaska LNG project's capital costs could reach $70 billion rather than the commonly cited $46 billion, and that the state's 25% equity stake faces potential dilution when new investors join the project's three sub-companies.
