Video Clips
Quoted moments from Alaska public meetings, hearings, and press conferences.
Clips from Alaska Gasline Development CorporationClear
0:40
Adam Prestidge
“if you had a shorter-term abatement in, you know, Texas or Louisiana, you'd factor in the cost burden on the project during that 10 years, which would be zero. And then for the remainder of the term, you'd calculate whatever the— whatever the region— whatever the jurisdictional tax is at that time. And the differentiation is those are not— those are not 20 mils in those jurisdictions, and so those are not so negative towards the project.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026
0:37
Adam Prestidge
“if that ever did happen, Glenfarn would have no recourse, no ability or expectation or request to be reimbursed. We're doing this at our own risk. To underscore that, the proof of that, when Glenfarn was negotiating to come in to take on this project, there was a concept on the table that was an ADA backstop. And it was being considered a bit by the legislature. There was a bit of press about it where the concept was that ADA would provide a reimbursable or reimbursement guarantee of up to $50 million to cover the cost of engineering studies on the pipeline.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026
0:38
Bert Stedman
“If Glenfarm exits, is there going to be a request back to the state to have to buy that data back, or do you just say one day, you got to excuse me, I'm cleaning out my desk and hitting the road, here's my forwarding address if I left anything behind in my desk, here's all the documents, goodbye, there's no monetary change or nothing”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026
0:39
Matt Kissinger
“The sunset provisions are contained through a web of sections, 21, 23, 26, 32, and 34. And these are, a lot of them are quite technical, but they really point to the department, the Commissioner of Revenue making the determination that Glenfarm have first met the requirements and so are subject to the AVT, and then later these sunset. Through these provisions. And they sunset on January 1, 2060. I would like to invite Mr. Prestidge to explain the requirement for that date”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026
0:36
Adam Prestidge
“this project is structured under project finance where the construction of the project is being financed through loans and investments, but primarily through loans from institutions that would be repaid over a 30-year period of time. And so an effort to keep the cost of the project lower and to keep the cost of gas lower is to spread the debt payments over a longer period of time.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026
0:53
Matt Kissinger
“There was a comment made on the House floor last week that the legislative consultant had indicated that the industry was moving more towards shorter and shorter term contracts. And really, this long— the nature of these long-term contracts of the LNG industry is really what differentiates it so much from the oil industry and oil developments. And I just wanted to correct that, that statement that in 2025, the United States developers of LNG projects entered into sales and purchase agreements for 40 million tons of LNG, so double what our project is across the whole U.S. 95% of those contracts were for 20-year contracts.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026
0:19
Bert Stedman
“I have yet to see what is the economic impact of the projections of the concession. No one's showed us that. Does it move the return 10 basis points? Does it move 50 basis points? Does it put you clear in the green light zone so it goes to FID tomorrow?”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026
0:31
John Sims
“Because of the cold temperatures, NStar was short on gas. And so we reached out to Hilcorp and luckily they were able to deliver an additional half BCF of gas during the month of March. That came at a cost of $16 per MCF.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:35
Peter Micciche
“This is a condensed facility that will receive every borough service at a very large proportion to the neighboring neighbor, to the neighbor next door who's going to be paying $9,000. Okay, first bill is $2,000, quarter of what the neighbor's paying”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:26
Matt Kissinger
“Cook Inlet gas resources are declining. We are getting to a point, as I believe Mr. Sims can agree, to where it's becoming quite critical, and we have to move the project forward”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:54
John Sims
“What PRA said is that in order to meet demand starting in 2010 through 2020, up to 185 wells would need to be drilled over that timeframe. That requires an estimated $1.8 to $2.8 billion and would need about an average of 13.6 wells completed per year.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:31
John Sims
“All of the green that represents the Hillcorp contract. So in 2033, that green is going away and we need to have another solution in place so that we can meet our customers' needs.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:29
Brett Watson
“that yellow line is the trajectory for Phase 1 prices. Those start at $16 per MCF and would escalate by 2% or inflation per year, whatever's lower, um, uh, until Phase 2 is achieved, and that's that blue line where prices would drop to $5 and then escalate by 2% or inflation, whichever is lower.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:38
Matt Kissinger
“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.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:50
Cathy Giessel
“right now Glenfarn is a limited liability corporation. That means they're a pass-through entity, which means they pay no corporate tax to the state of Alaska on their profits”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:43
John Sims
“The biggest difference between no project and Phase 1 is really the volatility that you'll see on the LNG import market. So, you know, you can look at JKM futures and get sort of an indication as to what the market thinks they may be. But the reality is, when you look at those futures versus what they actually were, there's an enormous amount of volatility that happens on the LNG market”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:27
Cathy Giessel
“What if it stops with only Phase 1? We want a limit on how long the tax abatement the forgiveness, the elimination of those property taxes go”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:34
Cathy Giessel
“we looked at capping the price of gas to consumers. We looked at not allowing any cost overruns to be put on taxpayers, onto consumers, Alaska consumers”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:26
Cathy Giessel
“The Senate Resources Committee, since March 20th, had 36 hearings in less than 2 months on this”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:16
Cathy Giessel
“We were given the legislation for this project on March 20th. That's 2 and a half months ago”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:27
Peter Micciche
“please wrap up Phase 2 ASAP with Phase 1. That divorce has made us very nervous”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:49
John Sims
“The predominant activity is from Hilcorp, which is one of the reasons why NStar is so concerned about them kind of slowing down production and moving their investments other— other places is because there's no one else in Cook Inlet that has the balance sheet to be drilling 192 wells over a 10-year period.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:46
John Sims
“Well, they didn't do 185 wells, they did 192 wells, and they've spent over $1.5 billion over that time frame, again, to make sure that Cook Inlet customers, both on the natural gas side, on the electric side, had energy.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:17
Matt Kissinger
“we were sort of 10 times order of magnitude higher than any of these other jurisdictions”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:45
John Sims
“Looking over a much shorter time frame from 2010 to 2026, you can see that that's dropped from about 350 million cubic feet a day down to right around 200 million a day. Again, how this relates to NSTAR in the wintertime when we need it the most, NSTAR's annual— or excuse me, daily peak is right around 320 for gas that we have to make sure that we have available to our customers.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:39
Matt Kissinger
“even with relief, we'll still be sort of 5 times higher than LNG Canada in our property taxes”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:41
Matt Kissinger
“pursuing the loan guarantees with the federal government, getting lower gas prices and addressing the property tax imbalance”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:45
Brett Watson
“estimates from NSTAR suggest that in addition to the purchasing the commodity on the spot market, we'd need to pay an additional dollar or so per MCF to ship that gas an additional $3 to $5 on top of that to build the infrastructure to receive that gas and regasify it from its LNG form. So kind of all-in costs from this no-project case represent gas prices somewhere in the neighborhood of $9 to $21.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:41
Brett Watson
“In 2033, when all of NStar's contracts have expired,, we're probably facing around $15 per MCF gas.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:31
Brett Watson
“over the last 10 years, Pacific LNG prices, which is the market that we would be purchasing gas from, have ranged between about $5 to $15 per thousand cubic feet in what I would call sort of normal time periods.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:24
John Sims
“The Hillcorp contract is down there at $8.36. There is an annual inflator, so it's not going to stay at that rate for the entirety of the contract. We expected about a 1.5% increase over the duration of that contract.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
0:07
Neal Foster
“I remove my objection. Seeing no further objection, Amendment Number 9 has been adopted.”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
1:05
Calvin Schrage
“what it does do is it protects ratepayers from higher natural gas prices while not interfering with the viability of this project. And that is the goal, is to make sure that we are continuing to move towards a place where this project is economically viable and can has a real realistic chance of moving forward while ensuring that ratepayers are protected”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
1:00
Sara Hannan
“we are going to have two tranches or two streams of the mitigation or in this case it is the AVT once it's being executed and that being distributed out via the community assistance formula versus impact aid.”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
0:13
Neal Foster
“6 Yay, 5 nay. So on a vote of 6 yay to 5 nay, Amendment Number 14, as amended by Conceptual Amendments Number 1 and 2, has been adopted”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
0:32
Calvin Schrage
“without that contract being signed, this is the only way that today any of us can go back to voters and a guarantee to them that they will not be paying a higher price of gas as a result of this project. Ideally, we'd have a signed contract. We would know definitively that Alaskans would not be paying more than $16 per MMBtu”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
0:33
Will Stapp
“this amendment basically mirrors what we know to be the contract that Instar already has with the developer based on Instar's testimony. My reservation for this amendment is I just, I don't want to put, uh, this level of detail in state law. I mean, it makes me feel like I'm reaching in and trying to control contract terms”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
0:47
Alyse Galvin
“When we heard more information from Glenfarn and particularly John Sims from NSTAR, it kind of helped us better articulate to our constituents what they have been wanting to hear, and that is due to cost overruns or other things unknowns, we weren't able to put into on paper that sense of security”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
0:47
Mike Dunleavy
“that enormous amount of gas would enable us to get incredibly low prices, relatively speaking here in state in Alaska, which would reduce, as opposed to what's happening in other parts of the country, reduce the cost of energy for Alaskans for the long term.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
0:47
Mike Dunleavy
“our first oil play was actually just out the window here in Cook inlet in the 1950s and 60s. And there was so much gas that that was one of the reasons why there was an LNG export concept that was developed, because you got to remember the rest of the United States was not exporting LNG at that time. We were trying to import and get as much lng, excuse me, gas as possible. In any event, in the late 60s, the port was developed and we were shipping LNG to Tokyo to Japan for 50 straight years uninterrupted.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
0:24
Mike Dunleavy
“we're running out of gas in the very inlet in which we pioneered LNG export. Right out the window here, we're running out of gas.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
0:26
Mike Dunleavy
“we had one of the largest fertilizer plants also next to the LNG export plant, to just Monetize that enormous amount of gas that was there. Well, that gas is, that gas is diminishing rapidly.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
0:19
Mike Dunleavy
“this project went last year from discussion. It's gone from concept to discussion to now execution. This is how far this project has gone in such a short period of time.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
0:30
Mike Dunleavy
“one of the biggest projects amongst the many that are being represented here at this conference, of course, is our Alaska LNG project. This has been something that's been talked about for decades and decades and decades.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
0:35
Matt Kissinger
“in this example I've shown, AGDC elects to exercise its full 25% ownership option. So the 65% that the other investors selected or was issued to the other investors, we can back into 25% of that. So that's 16.25% of the total ownership of the project that we'd have direct. We still have our 25% of the carried 35% interest, which is another 8.75.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
0:19
Matt Kissinger
“we're 100% aligned with Glenfarn going through this process. Glenfarn's going to fight like mad to ensure the least amount of dilution of eight Star Alaska's ownership in eight Star pipeline as you go through that process. And then we just benefit by taking 25% of what they retain.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
0:48
Frank Richards
“What AGDC has reserved for the state and Alaskans is the opportunity after fidget to take up to 25% of the equity stake. And in this particular example we used the range of 5% or about 230 million up to 25% or about 1.16 billion.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
0:29
Matt Kissinger
“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.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026