Nicholas Fulford
25:42 - 26:31
"the first thing that happened was that the LNG project tax was revealed— repealed. Then in the run-up to FID, the depreciation mechanisms were accelerated by the federal government. There was a complete deferment of sales tax on the project while it was being built. So it wasn't a tax holiday, but it was a deferment of the nominal tax for 20 years."
“the first thing that happened was that the LNG project tax was revealed— repealed. Then in the run-up to FID, the depreciation mechanisms were accelerated by the federal government. There was a complete deferment of sales tax on the project while it was being built. So it wasn't a tax holiday, but it was a deferment of the nominal tax for 20 years.”
- Speaker
- Nicholas Fulford
- Timestamp
- 25:42 – 26:31
- Source
- SFIN-20260527-1330
- Community
- Alaska News
- Location
- Alaska
- Captured at
- May 27, 2026
From the transcript
First of all, you know, similar to what we were doing this morning, you know, looking at the landed cost of gas and the economics and the investment required, it became abundantly clear that, you know, this was a project that was going to need help to get across the finish line. So the first thing that happened was that the LNG project tax was revealed— repealed. Then in the run-up to FID, the depreciation mechanisms were accelerated by the federal government. There was a complete deferment of sales tax on the project while it was being built. So it wasn't a tax holiday, but it was a deferment of the nominal tax for 20 years.
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