Video Clips
Quoted moments from Alaska public meetings, hearings, and press conferences.
Clips from Alaska Gasline Development CorporationClear
0:16
James Kaufman“If people wanna try some amendments, do it. But I think it all should be done in the light of day. If we're squabbling over revenue that comes from this thing, we need to remember no revenue comes from bought gas. No revenue comes from windmills. None comes from solar panels.”
Alaska Legislature: SMIN-20260617-1630 ·
0:17
Mike Cronk“They've made it pretty clear that you start to shorten that and that jeopardizes the economics of it. They need it to match the loan.”
Alaska Legislature: SMIN-20260617-1630 ·
0:27
Robert Yundt“Our goal is to pass a clean bill that allows this project the opportunity to be built.”
Alaska Legislature: SMIN-20260617-1630 ·
0:26
James Kaufman“suddenly committee hearings are being canceled and the majority's caught in a huddle apparently trying to figure out what they're gonna do. So I hope with all of my heart that we can get a clean bill to the floor and we can have a good up and down vote.”
Alaska Legislature: SMIN-20260617-1630 ·
0:44
James Kaufman“I don't know what the effort might be to make it unpalatable to people to vote for it, the old poison pill idea. I don't know how far we might go down that road if it comes to the floor, but I think the best thing we can do is get it to the floor and do it in the light of day, just like we should have been having committee meetings to get the final bill in shape and then send it to the floor. But instead, we've kind of collapsed into this closed-door caucus meetings rather than the committee meetings and the process that we should should be following.”
Alaska Legislature: SMIN-20260617-1630 ·
0:24
James Kaufman“It's really just a tax treatment to make the funding formula work for it so that they can get on with it try and get the investors to step up and get the funding package put together, along with the commitments at each end of it, gas in, gas out. So that's all that it is.”
Alaska Legislature: SMIN-20260617-1630 ·
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 ·
0:35
Lyman Hoffman“under that scenario, unless the legislature decides to take the investment option, there is no scenario that that Glenfarm sees that under any scenario that there would be a cash call by the state of Alaska or by Glenfarm. Chair Hoffman, that is 100% true and correct. There is no scenario where we will ask the state for money.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:27
Adam Prestidge“With the concept being that if the engineering studies resulted, in an unviable project, or the project failed to go forward, then that up to $50 million could be reimbursed by ADA, by the state, to the developer. We took a look at that, and we thought that that didn't align with the way that we want to take on this project, where we don't have an expectation or request from the state.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:29
Adam Prestidge“If you're looking at the life of the 30-year loan, any lender or investor is going to look at the economics of that— of the project on that 30-year forecast and can the project handle its debt service payment— its debt payments over that period of time. And so having the tax reduction apply for that time, that equal amount of time to the loan is very critical in— for the economic viability of of the project.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
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 ·
0:33
Bert Stedman“I'd like to have that data set or that data point analyzed by your guys' internal data and your own model because you guys have the inside information. You got better information than Revenue has and better information than the Frankly, the governor has.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:49
Adam Prestidge“when the financing sources are looking to put money into pay for the construction of the project, they're going to be taking the most conservative forecast of the cost of the project and the financial burdens on the project. And so if there's any possibility that after a period of time the tax rate would revert back to 20 mils, that's what lenders and investors would assume will happen because they'll take the most conservative view. And so that's the reason why the 2060 date is is so important.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:33
Matthew Kissinger“What happens is the developer under our contracts, between AGDC and Glenfarm, developer Glenfarm, they have to continue diligent development efforts until they achieve an FID. And we have laid out sort of 10 criteria of what it means to, you know, commit to— or to undertake diligent development efforts.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:29
Matthew Kissinger“if and when that happens, there is no payment obligation of the state back to Glenfarm. There is no payment obligation under that circumstance.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:26
Jesse Kiehl“What about ownership of project assets and intellectual property, whether that's the FERC license permits or engineering studies or those things. How is ownership of those resolved? God forbid this thing doesn't go. Senator Keel, through the chair, those would stay with 8 Star.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:52
Adam Prestidge“I have heard quite a few times that Gaffney Klein has made comments about a 10-year abatement in comparison, even going so far as to say that he thinks that Gaffney Klein's opinion is that the project only needs a 10-year abatement. That is factually not correct. The Department of Revenue has a financial model that would back that up. If there were to be a shorter-term abatement that then ended reverted back to 20 mils, it would severely challenge the economics of the project, and lenders and investors would simply look at that 30-year forecast, they would calculate the tax reduction during that short period of time, and then the financial burden on the project if the tax were returned up to 20 mils, and as I said, that really makes the project not— Yes. That really challenges the project's viability.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:52
Lyman Hoffman“I would say this is a very valuable dialogue because there are rumors abound in this building. Many questions are revolving around this, particularly in the Senate.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:18
Adam Prestidge“we made the decision not to pursue that. We asked AEDA to stand down, and we've continued to fund— we've paid for the engineering study. It was successful. We've continued to fund all of the expenses of developing this project ourselves.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
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 ·
0:14
Adam Prestidge“The 2060 is a timeline that sets out a few years for construction period followed by 30 years of operations and 30 years of debt service payments.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:50
Frank Richards“it was with Matt's expertise that we hammered out those agreements and looked out for the interest of the state of Alaska in those agreements so that we had what was a working arrangement where the developer Glenfarm would come in and bear the cost of this project taking us to final investment decision. That was key because we understood clearly from the legislature that there was not going to be any more money to be able to move this project forward from the state of Alaska.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:40
Adam Prestidge“Glenfarn is developing the Alaska LNG Project at our own risk and at our own expense. There's no request for the state to continue to put in additional development cash, and there is certainly no right or expectation for Glenfarn to be reimbursed for any of our development expenses by the state.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:41
Adam Prestidge“if Glenfarm were to determine the project had failed or if Glenfarm were to decide to abandon the project, we wouldn't have any way to seek any recourse or any reimbursement for what we have done.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:39
Matthew 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 ·
0:53
Matthew 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 ·
0:43
Bert Stedman“what is the economic impact of this— concession being asked for on the pipeline itself, not the conditioning plant, not the liquefaction plant, but the pipeline, and how does it move the economic model and cash flows.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
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 ·
0:16
Adam Prestidge“Senator Simpson, we'd be happy to work on something and put something together. To answer that question. We work with Department of Revenue and also just independently as well.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
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 ·
0:13
Matthew Kissinger“Mr. Kissinger, would you agree with that statement? Chair Hoffman, yes, I agree with that statement 100%.”
Alaska Legislature: Senate Finance - June 16, 2026 9:00am ·
0:41
Matthew 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 ·
0:38
Matthew 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 ·
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 ·
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 ·
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 ·
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 ·
0:39
Matthew 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 ·
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 ·
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 ·
0:26
Matthew 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 ·
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 ·
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 ·
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 ·
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 ·
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 ·