Frank Richards
27:50 - 28:25
"If Glenn Farm is not able to have a retention and seeks outside investment to come in to be able to cover the cost of the project, then we would only have those developer economics that Matt talked about."
“If Glenn Farm is not able to have a retention and seeks outside investment to come in to be able to cover the cost of the project, then we would only have those developer economics that Matt talked about.”
- Speaker
- Frank Richards
- Timestamp
- 27:50 – 28:25
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 4, 2026
From the transcript
How much is Glenn Farm going to be able to retain in ownership rights after while they're going through this equity race? In this example we've identified 35%. It could be 25%, it could be 10%, it could be zero. So that's the issue that we've talked about in terms of the dilution. If Glenn Farm is not able to have a retention and seeks outside investment to come in to be able to cover the cost of the project, then we would only have those developer economics that Matt talked about.
Related Coverage
State wins option to buy 25% of Alaska LNG after investors commit
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.
by Alaska News3mo ago2 min readAI