
Matt Kissinger
65:16 - 65:54
"this is a marginal project, and we don't need more studies to tell us that. We know this is a marginal project simply by the fact that Despite our need for it, despite this enormous amount of gas, we so far haven't been able to get it done."
“this is a marginal project, and we don't need more studies to tell us that. We know this is a marginal project simply by the fact that Despite our need for it, despite this enormous amount of gas, we so far haven't been able to get it done.”
We've talked about the potential for cost overrun risk. And at the same time, this, this belief that the developer will be extracting these large sums of money— if this project was giving off those sort of numbers, that sort of money, this would have been built long ago. This is a marginal project, and we don't need more studies to tell us that. We know this is a marginal project simply by the fact that Despite our need for it, despite this enormous amount of gas, we so far haven't been able to get it done. And so everything needs to be optimized on this project to move it forward.
Enstar Natural Gas faces losing its primary gas supply in 2033 when its contract with Hilcorp expires, leaving Southcentral Alaska utilities with no Cook Inlet producer capable of matching the scale of investment that has kept the basin producing for the past decade.
