
Speaker C
86:06 - 86:46
"After the holiday, the project pays a tax based on how much gas is flowing through it, not at guessed-on property assessment values, but on real throughput. The rate is currently 6 cents per 1,000 cubic feet in the pipeline and 13 cents on the gas treatment plant and carbon capture and 13 cents on the LNG export plant."
“After the holiday, the project pays a tax based on how much gas is flowing through it, not at guessed-on property assessment values, but on real throughput. The rate is currently 6 cents per 1,000 cubic feet in the pipeline and 13 cents on the gas treatment plant and carbon capture and 13 cents on the LNG export plant.”
This window is simply a runway to give the project time to ramp up and it makes room for Alaska's gas needs and the project industrial demand to all occur. The tax is simple and it's transparent. After the holiday, the project pays a tax based on how much gas is flowing through it, not at guessed-on property assessment values, but on real throughput. The rate is currently 6 cents per 1,000 cubic feet in the pipeline and 13 cents on the gas treatment plant and carbon capture and 13 cents on the LNG export plant. Each component is weighted by the capital cost that was invested to instruct that portion of the project.