
Bert Stedman
11:45 - 12:30
"there's significant risk exposure to this project and it's the looks like the highest and hardest hurdle of the three entities, the liquefaction plant, the conditioning plant and the pipe. The pipe being the most critical to move the project forward and also looks like it has the most risk in it."
“there's significant risk exposure to this project and it's the looks like the highest and hardest hurdle of the three entities, the liquefaction plant, the conditioning plant and the pipe. The pipe being the most critical to move the project forward and also looks like it has the most risk in it.”
Mr. Stood, yeah, just as mentioned earlier this morning, there's a risk difference between the phase one and phase two. So I would just again remind AGDC that there's significant risk exposure to this project and it's the looks like the highest and hardest hurdle of the three entities, the liquefaction plant, the conditioning plant and the pipe. The pipe being the most critical to move the project forward and also looks like it has the most risk in it. And I just think that you should take that into consideration when you consider making recommendations because we don't necessarily have to invest in all three or any three.
Alaska Gasline Development Corporation secured the right for the state to buy up to 25% of the Alaska LNG project after private investors commit. The state gets six months to decide whether to invest up to $1.16 billion.
