Video Clips
Quoted moments from Alaska public meetings, hearings, and press conferences.
Clips from Alaska Gasline Development CorporationClear
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
0:17
Matthew 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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
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 ·
0:29
Matthew 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 ·
0:32
Frank Richards“the key distinction we were trying to also reflect in this was that of the 65% equity that Glenn Farm would raise, that would be direct ownership. If we elected to take 25%. So that's direct ownership in the eight star pipeline and then the retained interest in the 35% is an indirect ownership stake. So no more money required for that.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:35
Matthew 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 ·
0:35
Frank Richards“If Glenn Farm is not able to have a retention and seeks outside investment to come in to be able to cover the cost of the project, then we would only have those developer economics that Matt talked about.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:45
Bert Stedman“there's significant risk exposure to this project and it's the looks like the highest and hardest hurdle of the three entities, the liquefaction plant, the conditioning plant and the pipe. The pipe being the most critical to move the project forward and also looks like it has the most risk in it.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:15
Matthew Kissinger“these are preemptive rights. They're retroactive rights that get exercised once we achieve fid. So all the other investors come to the table.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:30
Bert Stedman“we got the railroad, we've got Alaska Industrial Development Authority, and we have the permanent fund, all with either substantial amount of bonding authority and or billions in cash, hundreds of millions if not in billions in liquid assets. So there is a concern there.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:19
Matthew 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 ·
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 ·
0:24
Matthew Kissinger“We do not include any of these developer economics in the department of Revenue Analysis. We don't include it in any of our own. But it is there and it is the reward that Glenfarn gets from the project. So Glenfarn enjoys 75% of that carried developer economics.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:37
Matthew Kissinger“they fill out the whole book of how much equity needs to be raised, and then they have to wait. They have to wait up to six months while we make a decision of whether we're going to back in and push them out of 25% of their investment, which is a real disadvantage to those investors. They have to tie up that capital with a slight bit of uncertainty.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:29
Matthew Kissinger“during that 180 days, ideally we will kick off construction and be moving. But it's potential that these other investors who have the, you know, that have the potential to be preempted by us, that they're not going to want to expose themselves to too much risk during that 180 day period. And so it does behoove us to actually shorten that period, to be honest.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:36
Frank Richards“the equity participation is an option, but it will be on the same terms as other equity investors. So no premium, no disadvantage being provided to AGDC for coming in under these preemptive rights.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
0:33
Matthew Kissinger“AGDC will always get 25% of anything that goes into eight star Alaska.”
Alaska Legislature: Senate Finance - June 4, 2026 1:30pm ·
1:01
Bert Stedman“there is some other concerns that some of us have at the table when it's referenced to the state. You know, a lot of it's really easy to assume it come into the legislature, but there has been some interest in accessing other entities of the state if it's the Alaska Railroad, if it's ada, if it's a permanent fund. So there is concern on the structure and how that would be executed.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
1:01
Frank Richards“we wanted this opportunity to acquire ownership if the State of Alaska through appropriate legislation would be available to us. And so we reserved that option. However, if that option does not proceed forward, there will still be some what we call developer economics returns. And as owner of HSTAR Alaska, because of the development cost that the State of Alaska through AGDC and now Glenn Farm working towards FID will have expended and want to have some return on the investment. So as Glenn Farm retains equity positions in any of the sub projects and has developer economics return coming up to them for fees to those sub projects, then AGDC without any more additional funding would receive 25% of those returns to the State of Alaska.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:29
Frank Richards“we've reserved that for the for the legislature between 5 and 25% equity option is what we've reserved within our agreements with Glenn Farm. And the goal would be that the state of Alaska may not have to elect the full 25% if it chooses not to. Then that option will then be extended to Alaskans and Alaskan corporations.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:07
Matthew Kissinger“that 2mil rate has since morphed into this alternative volumetric tax which we feel also brings a lot more alignment.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:50
Frank Richards“what I heard from Mr. Prestige yesterday is that, you know, they support paying the alternate volumetric tax again as it becomes responsibility of theirs to be able to do that. The real reason around this bill and the structure is around the cost of that payment in lieu of tax, I'll call it. But it's an alternative volumetric tax because the existing rates were so high.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
1:35
Frank Richards“once final investment decision is taken, we'll have 180 days to present the option to present the economics, the risks of inequity participation to the state of Alaska. So for an example, if there is a final investment decision in the fourth quarter, let's say the beginning of the fourth quarter quarter of this year, then that would start the 180 day clock to be able to provide the information to the legislature and to the Alaskans that would be interested in it”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:12
Frank Richards“the ownership structure of Eight Star Alaska is 75% Glenn Farm, 25% AGDC.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:45
Frank Richards“Glenn Farm yesterday provided you with an updated Class 2 cost range. And I apologize, I don't have those in front of me, but it was in the 15 to 16 billion dollars range and that was at a class two cost estimate.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:48
Matthew Kissinger“There may be multiple rounds building up to an fid but you won't achieve a final investment decision until you have sufficient funding to construct the project along with your contingency and additional contingency for contract cost overrun. Risk, et cetera, at that point in time, once that final investment decision, and that's a single vote that happens at a single moment in time. That's what starts the clock on our 180 days.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:37
Lyman Hoffman“I bring this up because that 180 day timeline makes much sense. But what triggers that timeline, to me it would make more sense when the legislature convenes that that clock would start ticking so that we would have ample time to make major decision on the amount of funds that the legislature may invest in.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:39
Frank Richards“This is the topic of discussion is really around the oil and gas property tax and what is truly going to allow this project to remain as an economic project that will move forward in this very competitive environment.”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·
0:17
Jesse Kiehl“The 5% minimum buy in, is that going to match all other potential equity investors? Is there any chance that anybody else gets in at 2%?”
Alaska Legislature: Senate Finance - June 4, 2026 10:00am ·