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Organizations/State of Alaska/Alaska Gasline Development Corporation
Alaska Gasline Development Corporation

Alaska Gasline Development Corporation

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State corporation advancing the Alaska LNG Project — a pipeline to bring North Slope natural gas to tidewater at Nikiski for export to Asian markets.

agdc.us ↗

3201 C St #505, Anchorage, AK 99503, USA

Video Clips

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0:38

Adam Prestidge

“This labor MOU was negotiated on a very careful, very intensive basis. A lot of time, a lot of meetings, a lot of people involved in a 6-month negotiation process to reach an agreement that worked for both sides.”

Alaska Legislature: Joint Conference on HB381, 6/27/26, 2PM · Jun 27, 2026

0:28

Adam Prestidge

“if we take the example of some of the offsite fabrication that could be done internationally, paying Alaska prevailing wages at a fabrication yard in Korea, for just one example, doesn't make any sense and wouldn't be economically viable for the project.”

Alaska Legislature: Joint Conference on HB381, 6/27/26, 2PM · Jun 27, 2026

0:48

Adam Prestidge

“Amendment 16 requires notification of any relationship with a foreign entity. That goes significantly beyond, beyond just ownership. It's really any contract, any joint venture, any type of agreement. That type of disclosure requirement would be unique and burdensome and would be a deterrent to counterparties potentially from wanting to be associated with the project, recognizing that they wouldn't have any commercial confidential protections.”

Alaska Legislature: Joint Conference on HB381, 6/27/26, 2PM · Jun 27, 2026

0:32

Adam Prestidge

“as it stands, Amendment 16 would really chill off-takers and investors in the project.”

Alaska Legislature: Joint Conference on HB381, 6/27/26, 2PM · Jun 27, 2026

0:34

Adam Prestidge

“my understanding is that this was not requested by the labor representatives themselves. That's what I've been told. But that it was instead offered by legislators who were intending to be helpful and make sure that labor's requirements were being met. We think that labor requirements are being met”

Alaska Legislature: Joint Conference on HB381, 6/27/26, 2PM · Jun 27, 2026

0:19

Adam Prestidge

“Representative Rutherford, through the chair, that's exactly correct. It's another reason why we would make the argument that this isn't necessary, because the bill already had a very clear requirement requiring a project labor agreement for the project.”

Alaska Legislature: Joint Conference on HB381, 6/27/26, 2PM · Jun 27, 2026

Saturday, June 27, 2026Sat, Jun 27, 2026

A leaked plan to fire Alaska's gas-line developer surfaces in Juneau

A confidential AGDC document describing how Alaska could remove Glenfarne as Alaska LNG's lead developer leaked, surfacing publicly at Friday's HB 381 hearing.

Walter AlaskaNewsby Walter AlaskaNews4d ago3 min readAI
Alaska
Cover image for article: A leaked plan to fire Alaska's gas-line developer surfaces in Juneau
Sunday, June 21, 2026Sun, Jun 21, 2026

What the Senate Changed in the Gas-Line Deal

The Alaska Senate's rewrite of HB 381 caps utility gas prices, adds oversight of AGDC, protects ratepayers from overruns, and sends early tax revenue to boroughs.

Walter AlaskaNewsby Walter AlaskaNews1w ago3 min readAI
Alaska
Cover image for article: What the Senate Changed in the Gas-Line Deal
Wednesday, June 17, 2026Wed, Jun 17, 2026

Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates

The Alaska Senate Finance Committee on Tuesday heard unresolved questions about who will build, own, and regulate a proposed Fairbanks natural gas spur line, how its cost should be spread across ratepayers, and whether HB 381's spur commitment is firm enough to guarantee construction.

Walter AlaskaNewsby Walter AlaskaNews2w ago3 min readAI
Fairbanks, Alaska
Cover image for article: Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates
Friday, June 26, 2026Fri, Jun 26, 2026

A pass-through tax, not the pipeline, is the real fight in Juneau

Alaska's gas pipeline tax bill conference committee weighs a new pass-through tax on oil and gas producers and a rewritten volumetric tax splitting revenue with communities.

Walter AlaskaNewsby Walter AlaskaNewsadded 3d ago3 min readAI
Alaska
Cover image for article: A pass-through tax, not the pipeline, is the real fight in Juneau
Tuesday, June 2, 2026Tue, Jun 2, 2026

Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break

Alaska Senate Finance Committee reviews fiscal analysis of proposed tax structure for Alaska LNG project, showing $18 billion combined revenue reduction over project life in exchange for improved global price competitiveness.

Bill AlaskaNewsby Bill AlaskaNews4w ago2 min readAI
State Capitol
Cover image for article: Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break
Wednesday, May 27, 2026Wed, May 27, 2026

Alaska LNG could cost $70 billion; state's 25% stake faces dilution

The Alaska State Senate Finance Committee heard Wednesday that the Alaska LNG project's capital costs could reach $70 billion rather than the commonly cited $46 billion, and that the state's 25% equity stake faces potential dilution when new investors join the project's three sub-companies.

Bill AlaskaNewsby Bill AlaskaNews1mo ago2 min readAI
Juneau, Alaska
Cover image for article: Alaska LNG could cost $70 billion; state's 25% stake faces dilution
Thursday, June 4, 2026Thu, Jun 4, 2026

Glenfarne's own cost estimate for Alaska LNG is now significantly higher than AGDC's — and the state's equity option sits in the middle of the new math

AGDC transferred three-quarters ownership of Eight Star Alaska—the entity holding FERC authorization and project assets—to private developer Glenfarn in 2025, shifting construction risk off state books while preserving a 5–25% buy-in window at final investment decision.

Walter AlaskaNewsby Walter AlaskaNews3w ago3 min readAI
Alaska
Cover image for article: Glenfarne's own cost estimate for Alaska LNG is now significantly higher than AGDC's — and the state's equity option sits in the middle of the new math
Wednesday, June 3, 2026Wed, Jun 3, 2026

Consultant warns Senate Finance that Alaska LNG faces megaproject risks

Independent megaproject consultant warns Alaska Senate Finance that 92% of megaprojects exceed budget or schedule, with LNG projects averaging 70% cost overruns, directly challenging optimistic timelines for the state's proposed gas pipeline and export terminal.

Walter AlaskaNewsby Walter AlaskaNews3w ago2 min readAI
Alaska
Cover image for article: Consultant warns Senate Finance that Alaska LNG faces megaproject risks
Tuesday, June 9, 2026Tue, Jun 9, 2026

House Finance writes a $16 gas-price cap into Alaska LNG bill — even if Enstar's contract isn't signed

Alaska House Finance Committee caps natural gas prices at $16 per million BTU for Alaskans through statutory amendment to House Bill 381, mirroring Enstar contract terms to protect ratepayers from cost overruns on Alaska LNG project.

Walter AlaskaNewsby Walter AlaskaNews3w ago2 min readAI
Alaska
Cover image for article: House Finance writes a $16 gas-price cap into Alaska LNG bill — even if Enstar's contract isn't signed
Thursday, June 18, 2026Thu, Jun 18, 2026

Alaska Senate minority demands clean floor vote on LNG tax bill

The Alaska Senate Republican minority caucus held a press conference Wednesday urging the Senate majority to bring HB 381, a volumetric tax bill for the Alaska LNG pipeline, to a clean floor vote, warning that delay or unrelated amendments could jeopardize the project before a developer deadline.

Walter AlaskaNewsby Walter AlaskaNews1w ago2 min readAI
Alaska
Cover image for article: Alaska Senate minority demands clean floor vote on LNG tax bill
Friday, June 5, 2026Fri, Jun 5, 2026

Alaska LNG seeks 90% property tax cut; Kenai Peninsula pushes back

The Alaska LNG project wants a 10-year tax cut from 20 mils to 2 mils to move forward. Kenai Peninsula Borough says the original proposal left local taxpayers short on covering project impacts.

Walter AlaskaNewsby Walter AlaskaNews3w ago3 min readAI
Alaska
Cover image for article: Alaska LNG seeks 90% property tax cut; Kenai Peninsula pushes back
Saturday, May 30, 2026Sat, May 30, 2026

North Slope, Kenai mayors negotiate gas line property tax as House Finance delays bill deadline

Alaska House Finance Committee postpones gas line tax bill amendment deadline as North Slope and Kenai Peninsula Borough mayors negotiate property tax structures with Alaska LNG developers

Walter AlaskaNewsby Walter AlaskaNews1mo ago4 min readAI
Juneau, Alaska
Cover image for article: North Slope, Kenai mayors negotiate gas line property tax as House Finance delays bill deadline
Wednesday, May 27, 2026Wed, May 27, 2026

AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects

Alaska Gasline Development Corporation testified to the House Finance Committee that Alaska's property tax structure would impose costs roughly 10 times higher than competing LNG projects, with potential annual taxes exceeding $800 million compared to $50 million at the next-highest jurisdiction. AGDC officials said property tax restructuring has been identified as a critical economic lever since 2020, though they acknowledged waiting until late March 2026 to bring legislation forward was a timing mistake.

Bill AlaskaNewsby Bill AlaskaNews1mo ago3 min readAI
Alaska
Cover image for article: AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects
Friday, May 22, 2026Fri, May 22, 2026

Alaska gas line faces economic challenge even with tax breaks

The Alaska LNG project would struggle to compete in global markets even under the governor's proposed tax relief, with breakeven prices at the high end of current futures markets, according to state modeling presented to the House Finance Committee on Thursday.

Walter AlaskaNewsby Walter AlaskaNews1mo ago3 min readAI
Juneau, Alaska
Cover image for article: Alaska gas line faces economic challenge even with tax breaks
Friday, May 29, 2026Fri, May 29, 2026

Alaska House examines $4 billion LNG equity option, Fairbanks spur-line tax break

Alaska House Finance Committee reviews optional state equity investment in Alaska LNG project and property tax relief tied to Fairbanks spur-line construction

Bill AlaskaNewsby Bill AlaskaNews1mo ago2 min readAI
Anchorage
Cover image for article: Alaska House examines $4 billion LNG equity option, Fairbanks spur-line tax break
Thursday, April 30, 2026Thu, Apr 30, 2026

Energy consultant: Alaska LNG tax bill could cut delivered cost by 20 cents

Energy consultant tells House Resources Committee that proposed alternative volumetric tax in HB 381 would reduce delivered cost to Asia by roughly 20 cents per MMBtu compared to current property tax, potentially making the $46+ billion project more competitive globally while still generating stable municipal revenue.

Alaska Newsby Alaska News2mo ago4 min readAI
Juneau, AK, USA
Cover image for article: Energy consultant: Alaska LNG tax bill could cut delivered cost by 20 cents
Tuesday, June 9, 2026Tue, Jun 9, 2026

House Finance amendment lets pipeline-route municipalities bill Alaska LNG directly — skipping the state appropriation step

The committee adopted an amendment Monday allowing municipalities to collect their share of the alternative volumetric tax directly from the pipeline operator rather than waiting for state appropriation, addressing borough concern about cash-flow delays and legislative control.

Walter AlaskaNewsby Walter AlaskaNews3w ago2 min readAI
Alaska
Cover image for article: House Finance amendment lets pipeline-route municipalities bill Alaska LNG directly — skipping the state appropriation step
Friday, May 29, 2026Fri, May 29, 2026

Senate Finance Committee: how do you analyze a $46.2 billion pipeline without the numbers?

Alaska Senate Finance Committee demands actual commercial and financial data for proposed $46.2 billion gas pipeline before considering state investment role

Bill AlaskaNewsby Bill AlaskaNews1mo ago3 min readAI
Juneau, Alaska
Cover image for article: Senate Finance Committee: how do you analyze a $46.2 billion pipeline without the numbers?
Thursday, June 4, 2026Thu, Jun 4, 2026

Alaska keeps veto power over LNG project despite 25% stake

The Alaska Gasline Development Corporation can block major decisions in the Alaska LNG joint venture despite owning only a quarter of it. The unusual arrangement protects state priorities including gas reserved for Alaska customers and rate structures that favor residential users.

Walter AlaskaNewsby Walter AlaskaNews3w ago2 min readAI
Alaska
Cover image for article: Alaska keeps veto power over LNG project despite 25% stake
Tuesday, June 9, 2026Tue, Jun 9, 2026

Enstar faces 2033 supply gap as Hilcorp contract expires, no Cook Inlet producer can match drilling scale

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.

Bill AlaskaNewsby Bill AlaskaNews3w ago2 min readAI
Alaska
Cover image for article: Enstar faces 2033 supply gap as Hilcorp contract expires, no Cook Inlet producer can match drilling scale
Sunday, May 17, 2026Sun, May 17, 2026

Senate panel weighs municipal concerns over Alaska LNG tax structure

The Senate Resources Committee Saturday reviewed Alaska Municipal League concerns about tax abatements and revenue distribution for the Alaska LNG pipeline project, with legal counsel proposing a 10-year sunset provision to address precedent worries.

Alaska Newsby Alaska News1mo ago3 min readAI
Juneau, Alaska
Cover image for article: Senate panel weighs municipal concerns over Alaska LNG tax structure
Wednesday, June 17, 2026Wed, Jun 17, 2026

Chugach and Glenfarne Alaska LNG signed a non-binding LOI — a step, not a contract

Chugach Electric Association and Glenfarne Alaska LNG signed a non-binding letter of intent for North Slope gas delivery — one of several Chugach hedges

Maggie AlaskaNewsby Maggie AlaskaNewsadded 1w ago2 min readAI
Southcentral Alaska
Cover image for article: Chugach and Glenfarne Alaska LNG signed a non-binding LOI — a step, not a contract
Tuesday, May 5, 2026Tue, May 5, 2026

Senate panel proposes doubling Dalton Highway surcharge in gas line bill

Senate Resources Committee introduced a new version of the gas pipeline bill with a 30-cent Dalton Highway maintenance surcharge, double the governor's proposal, while senators question whether $1 billion in property tax breaks would save average Anchorage households only $55.

Alaska Newsby Alaska News1mo ago4 min readAI
Juneau, Alaska
Cover image for article: Senate panel proposes doubling Dalton Highway surcharge in gas line bill
Friday, June 5, 2026Fri, Jun 5, 2026

State wins option to buy 25% of Alaska LNG after investors commit

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.

Alaska Newsby Alaska News3w ago2 min readAI
Alaska
Cover image for article: State wins option to buy 25% of Alaska LNG after investors commit
Wednesday, April 29, 2026Wed, Apr 29, 2026

Alaska LNG Tax Bill Walks Tightrope Between Project Viability and Local Needs

House Resources Committee's revised tax structure for Alaska LNG reflects tension between competitive global positioning and community impact compensation that defines natural gas megaproject debates worldwide.

Alaska Newsby Alaska News2mo ago4 min readAI
Juneau
Cover image for article: Alaska LNG Tax Bill Walks Tightrope Between Project Viability and Local Needs
Tuesday, May 5, 2026Tue, May 5, 2026

Senate panel doubles oil surcharge for Dalton Highway maintenance in gas pipeline bill

The Senate Resources Committee adopted a new version of the Alaska gas pipeline bill that doubles a proposed oil surcharge to 30 cents per barrel to fund Dalton Highway maintenance, though the revenue falls short of estimated needs.

Alaska Newsby Alaska News1mo ago3 min readAI
Alaska
Saturday, April 18, 2026Sat, Apr 18, 2026

House Resources Committee debates LNG equity stakes, rejects wildlife refuge amendments

The House Resources Committee heard testimony on state equity participation in the Alaska LNG project and voted down nine amendments to a wildlife refuge consolidation bill, with most votes splitting 5-4 along party lines.

Alaska Newsby Alaska Newsadded 2mo ago7 min readAI
Cover image for article: House Resources Committee debates LNG equity stakes, rejects wildlife refuge amendments
Saturday, March 28, 2026Sat, Mar 28, 2026

Mayors Oppose Alaska LNG Tax Bill, Cite Revenue Concerns

Five borough mayors testified against Senate Bill 280's proposed tax structure for the Alaska LNG project, citing significant revenue losses and inadequate impact compensation.

Alaska Newsby Alaska Newsadded 2mo ago2 min readAI
Alaska
Saturday, May 16, 2026Sat, May 16, 2026

Senate panel advances gas pipeline bill with oil tax floor increase

The Alaska Senate Resources Committee advanced a gas pipeline bill Friday that raises the minimum oil production tax from 4% to 6% starting in 2027, a change not tied to pipeline construction.

Alaska Newsby Alaska News1mo ago3 min readAI
Juneau, Alaska
Tuesday, April 21, 2026Tue, Apr 21, 2026

Senate panel advances gas pipeline tax overhaul with $610M revenue target

The Senate Resources Committee adopted a comprehensive rewrite of gas pipeline taxation combining policy oversight and new tax structures that could generate $610 million annually from Alaska's natural gas resources.

Alaska Newsby Alaska Newsadded 2mo ago4 min readAI
Alaska
Cover image for article: Senate panel advances gas pipeline tax overhaul with $610M revenue target
Friday, May 22, 2026Fri, May 22, 2026

Alaska LNG developer says financing secured, eyes 2027 start

The developer behind the Alaska LNG project says financing is lined up and construction could begin in 2027. The timeline depends on the legislature approving a tax deal and regulators signing off on a gas supply agreement for Southcentral Alaska.

Alaska Newsby Alaska Newsadded 3w ago2 min readAI
Alaska
Friday, May 22, 2026Fri, May 22, 2026

Alaska LNG nears Enstar supply deal as Cook Inlet gas declines

The Alaska LNG project is close to a gas supply agreement with Enstar Natural Gas that would deliver North Slope gas to Southcentral Alaska at prices below imported LNG. The deal awaits regulatory approval before the 807-mile pipeline can move to financial close.

Alaska Newsby Alaska Newsadded 3w ago3 min readAI
Alaska
Cover image for article: Alaska LNG nears Enstar supply deal as Cook Inlet gas declines
Sunday, May 17, 2026Sun, May 17, 2026

Gas line tax break delivers 20% savings, far less than competing states

A consultant told the Senate Resources Committee that the current gas line tax bill provides developers a 20% savings when using discounted cash flow analysis, compared to 65% if taxes were delayed 10 years — raising questions about whether Alaska is competitive with Texas and Louisiana.

Alaska Newsby Alaska News1mo ago4 min readAI
Juneau, Alaska
Cover image for article: Gas line tax break delivers 20% savings, far less than competing states
Saturday, May 16, 2026Sat, May 16, 2026

Senate cuts community impact fees for gas pipeline by half

The Alaska Senate Resources Committee voted to reduce community impact fees for the Alaska LNG pipeline from $1 million to $500,000 per mile, cutting projected payments to municipalities from approximately $740 million to $370 million.

Alaska Newsby Alaska News1mo ago5 min readAI
Juneau
Cover image for article: Senate cuts community impact fees for gas pipeline by half