
Nicholas Fulford
13:44 - 14:44
"when it comes to investment in LNG, you do have some very active and potentially competing projects just to the south, and, and that is probably going to be one of your considerations as you legislate around the project here in Alaska"
“when it comes to investment in LNG, you do have some very active and potentially competing projects just to the south, and, and that is probably going to be one of your considerations as you legislate around the project here in Alaska”
So it's a three-way joint venture, and they are busy looking for customers. They've already signed up Shell and Total with a couple of million tonnes each, and Total have also committed equity. You've got Cedar LNG, which is much, much smaller but nevertheless still underway. And then there's Woodfibre, which is another smaller one which doesn't involve a, um, a pipeline in, in the sense that it leverages the pipeline already going to Vancouver. So I think this goes to show that, um, when it comes to investment in LNG, you do have some very active and potentially competing projects just to the south, and, and that is probably going to be one of your considerations as you legislate around the project here in Alaska.
Senate Finance heard Wednesday that British Columbia's LNG Canada project received federal tax deferrals and accelerated depreciation before final investment decision, creating a competitive fiscal framework Alaska must consider as it weighs property tax alternatives for Alaska LNG.
