“for the delivered break-even price into the global market. It's a reduction from $9.07 under current law down to $8.96 per 1,000 cubic feet under the bill before the committee. So a modest tax reduction from current law, but not nearly as significant of a tax cut as under the governor's proposal.”
But as far as the project economics go, again, zeroing in on those cost of supply numbers, so for— compared to current law, for the in-state breakeven price, it's a reduction of $4— from $4.86 down to $4.76 per 1,000 cubic feet. And then for the delivered break-even price into the global market. It's a reduction from $9.07 under current law down to $8.96 per 1,000 cubic feet under the bill before the committee. So a modest tax reduction from current law, but not nearly as significant of a tax cut as under the governor's proposal.
The Alaska LNG project would struggle to compete in global markets even under the governor's proposed tax relief, with breakeven prices at the high end of current futures markets, according to state modeling presented to the House Finance Committee on Thursday.

The Alaska House Finance Committee heard Thursday that the governor's version of HB 381 would reduce municipal property tax revenue from the Alaska LNG project by over $13 billion compared to current law, while the House Resources version would actually increase municipal revenue by retaining property tax on the gas treatment plant and LNG facility.
