John Sims
53:48 - 54:36
"when the pipeline is built, after a certain transition period, the AK LNG project will, will will buy the assets of the LNG import project. And why that's important is they're currently two independent projects. And if that wasn't set up that way, we would still have to pay for the LNG infrastructure even though we're not bringing in LNG import. So that's, that's the principle behind this is the AK LNG project will procure the LNG import infrastructure and assets that have already been built that will remove the cost obligation from the ratepayers."
“when the pipeline is built, after a certain transition period, the AK LNG project will, will will buy the assets of the LNG import project. And why that's important is they're currently two independent projects. And if that wasn't set up that way, we would still have to pay for the LNG infrastructure even though we're not bringing in LNG import. So that's, that's the principle behind this is the AK LNG project will procure the LNG import infrastructure and assets that have already been built that will remove the cost obligation from the ratepayers.”
- Speaker
- John Sims
- Timestamp
- 53:48 – 54:36
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 9, 2026
From the transcript
I talked a lot about earlier the flexibility from a commercial perspective of bouncing from the LNG import facility over to the pipeline. And this third bullet really touches to that, is as contemplated in the agreement, in the framework agreement, when the pipeline is built, after a certain transition period, the AK LNG project will, will will buy the assets of the LNG import project. And why that's important is they're currently two independent projects. And if that wasn't set up that way, we would still have to pay for the LNG infrastructure even though we're not bringing in LNG import. So that's, that's the principle behind this is the AK LNG project will procure the LNG import infrastructure and assets that have already been built that will remove the cost obligation from the ratepayers.
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