
Nicholas Fulford
46:00 - 46:36
"it is clear that one or more companies with a very significant balance sheet would have to enter the project with equity in order for it to get across the finish line."
“it is clear that one or more companies with a very significant balance sheet would have to enter the project with equity in order for it to get across the finish line.”
Thank you, Senator, and through the Chair, yeah, that's an excellent point, and it focuses perhaps on the last one on this slide, which is the equity participation. And as you say, looking at the sort of basic financial framework and the companies involved, it is clear that one or more companies with a very significant balance sheet would have to enter the project with equity in order for it to get across the finish line.
The Alaska State Senate Finance Committee heard Wednesday that the Alaska LNG project's capital costs could reach $70 billion rather than the commonly cited $46 billion, and that the state's 25% equity stake faces potential dilution when new investors join the project's three sub-companies.
