
Matt Kissinger
10:37 - 11:06
"AGDC has reserved the right to additionally invest directly into each of the sub projects at 5 to 25% of each equity raise that there is within those sub projects. Like we said, this is a contractual option, not an obligation."
“AGDC has reserved the right to additionally invest directly into each of the sub projects at 5 to 25% of each equity raise that there is within those sub projects. Like we said, this is a contractual option, not an obligation.”
Matt Kissinger, for the record, we've talked about this quite a bit. AGDC has reserved the right to additionally invest directly into each of the sub projects at 5 to 25% of each equity raise that there is within those sub projects. Like we said, this is a contractual option, not an obligation. There's no catch to it. It is simply whether the state wishes to invest between 5 and 25%.
Alaska Gasline Development Corporation secured the right for the state to buy up to 25% of the Alaska LNG project after private investors commit. The state gets six months to decide whether to invest up to $1.16 billion.
