
John Sims
74:52 - 75:27
"We can, we can talk a lot about increasing the price, but price is only as good as the alternative solutions that are out there. And ultimately, when we look at a long-term solution, we have to have our customers in mind."
“We can, we can talk a lot about increasing the price, but price is only as good as the alternative solutions that are out there. And ultimately, when we look at a long-term solution, we have to have our customers in mind.”
Well, if I were paying $20 or $30, I might as well be having a reliable source of gas coming down from the North Slope that's $16, or I might as well be importing LNG at, you know, $22, because at least I have the reliability component that the Cook Inlet is not providing today. So we can, we can talk a lot about increasing the price, but price is only as good as the alternative solutions that are out there. And ultimately, when we look at a long-term solution, we have to have our customers in mind. So, you know, I—. We've—.
Enstar is negotiating a 30-year gas supply agreement with Glenfarne that would cap prices at $16 per thousand cubic feet with annual inflation adjustments. The contract protects ratepayers from project cost overruns and allows a switch from LNG imports to pipeline gas if the export project is built.
