State corporation advancing the Alaska LNG Project — a pipeline to bring North Slope natural gas to tidewater at Nikiski for export to Asian markets.
3201 C St #505, Anchorage, AK 99503, USA

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

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

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

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

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

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
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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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

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.

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.

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.

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

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 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.

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.

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.
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.

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.
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.
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.

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.
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.

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.

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.
