0:41

Adam Prestidge

2:44 - 3:26

"one of our core principles has to do things right by the state, and so to prioritize low-cost domestic gas as low as possible, to do the project as quickly as possible, and more above all, to make sure our contracts and our arrangements with the state are fair to all parties involved. One of those things that we think is fair is the state's clawback option. That's something that AGDC proposed to us in our negotiations."

one of our core principles has to do things right by the state, and so to prioritize low-cost domestic gas as low as possible, to do the project as quickly as possible, and more above all, to make sure our contracts and our arrangements with the state are fair to all parties involved. One of those things that we think is fair is the state's clawback option. That's something that AGDC proposed to us in our negotiations.
Speaker
Adam Prestidge
Timestamp
2:443:26
Community
Alaska News
Location
Alaska

From the transcript

Along the way, one of our core principles has to do things right by the state, and so to prioritize low-cost domestic gas as low as possible, to do the project as quickly as possible, and more above all, to make sure our contracts and our arrangements with the state are fair to all parties involved. There is no reason real path forward unless everyone feels like things are fair. One of those things that we think is fair is the state's clawback option. That's something that AGDC proposed to us in our negotiations. It's something that AGDC, in their capacity as representatives of the state, pushed for and advocated for.

Related Coverage

Alaska's gas-pipeline bill now carries a tax on Hilcorp and others

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.

Walter AlaskaNewsby Walter AlaskaNews1mo ago3 min readAI
Alaska
Cover image for article: Alaska's gas-pipeline bill now carries a tax on Hilcorp and others

State economist: even with tax breaks, the gas line barely works

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."

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min readAI
Alaska
Cover image for article: State economist: even with tax breaks, the gas line barely works