Matthew Kissinger
Commercial Director · Alaska Gas Development Corporation
26 articles · 20 transcripts · 24 clips
Affiliations
Alaska LNG lease filing lists state gasline corporation as 25 percent owner
“They're funding the entire project. At this point, AGDC has our own operating costs and that's what we're limited to.”
Hilcorp says opposing the tax isn't opposing the gas line
Hilcorp told the gas-line caucus that opposing a targeted tax on the company isn't opposing the pipeline, even as that tax deadlocks the bill in Juneau.
Enstar tells Alaska Gas Line Caucus it could be 18 days short of gas this winter
Enstar told lawmakers it could run 18 days short of gas this winter if Cook Inlet supply stays low, but the Alaska LNG pipeline pitched to fix the problem won't arrive in time to help.
Legislators to hear the case for a gas line as the effort stalls
A minority caucus will host an Anchorage gasline listening session with only supporters, as the effort sits stalled in a third special session with no bill.
Gas-line developer warns Alaska's Senate terms could drive it off
Glenfarne told lawmakers the Senate's gas-line amendments — a 9.4% investor tax, an automatic state takeover clause, tough labor rules — could make it walk. Lawmakers say they're protecting the state.
Alaska's gas-pipeline bill now carries a tax on Hilcorp and others
A permanent tax on pass-through oil companies like Hilcorp is riding inside Alaska's gas-pipeline bill — and it kicks in by 2028 whether the pipeline gets built or not.
State economist: even with tax breaks, the gas line barely works
Even with the Senate's tax breaks, Alaska's gas project still costs more to make than Asia pays for it — and one lawmaker put it bluntly: "It seems like they don't work."
Alaska's gas-line tax bill stalls in committee
Lawmakers writing Alaska's gas-line tax deal voted down both versions of the bill — now they need special authority to build a compromise from the pieces.
A leaked plan to fire Alaska's gas-line developer surfaces in Juneau
“I think everyone knows what I'm talking about with respect to a stolen AGDC document, confidential document.”
What the Senate Changed in the Gas-Line Deal
“There are new limitations on AGDC's ability to dispose of assets or dispose of our ownership in subsidiaries, requiring legislative review of that.”
Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates
Senate Finance gets into the numbers of the LNG line in a hot and spicy day of meetings
Senate Finance demands Phase 1 pipeline math before Alaska LNG tax vote
Senator Stedman blocked a vote on a $750 million annual tax break for Alaska LNG's Phase 1 pipeline until the Department of Revenue shows whether the project actually needs the 2-mill property tax cut to work financially.
Enstar faces 2033 supply gap as Hilcorp contract expires, no Cook Inlet producer can match drilling scale
Enstar Natural Gas loses its main Cook Inlet gas supplier in 2033 when Hilcorp's contract expires, and no other producer can match Hilcorp's drilling scale, leaving Southcentral facing a supply gap unless a North Slope pipeline delivers gas by then.
Department of Revenue presents Senate Finance with Alaska LNG breakeven modeling across cost and tax scenarios
Alaska LNG needs $9.07 per thousand cubic feet to break even under current law, or $10.69 if capital costs reach $60 billion. • Senate Bill 2001 would lower those breakeven prices to $8.54 and $9.97 respectively, but reduce state revenue from North Slope gas. • Department of Revenue presented the modeling to help Senate Finance evaluate the tax restructuring tradeoff.
Department of Revenue presents Senate Finance with 25-scenario sensitivity analysis on Alaska LNG fiscal impact
Department of Revenue modeled Alaska LNG's fiscal impact under SB 2001 across 25 scenarios through 2062. • Baseline scenario projects $29 billion in net state revenue gains. • Worst-case scenario with $100 per barrel oil and major production losses would cost the state $16.2 billion.
North Slope oil production set to jump 76% as new fields come online
“There is enough resource up on the North Slope right now known proven producing resource between Prudhoe Bay and Point Thompson alone to supply the project including phase two for 30 years”
Alaska LNG seeks 90% property tax cut; Kenai Peninsula pushes back
Alaska LNG is seeking a 90 percent property tax cut to proceed, but Kenai Peninsula Borough says the cut would cost local governments about $30 million annually needed to cover project impacts.
State wins option to buy 25% of Alaska LNG after investors commit
“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.”
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
Glenfarne raised Alaska LNG cost estimate to 44.5 to 54.5 billion dollars, up from state agency's 38.7 billion. • Legislature can buy 5 to 25 percent equity stake within 180 days after final investment decision. • Property tax reform is central to project financing, with current rates costing roughly 380 million dollars yearly during construction.
Alaska keeps veto power over LNG project despite 25% stake
“there are certain elements protecting the state primarily where AGDC has clear approval rights. Meaning that these can't be done without AGDC's consent.”
Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break
Senate Finance heard the proposed Alaska LNG tax break would cut state and municipal revenues by $18 billion over 30 years, but the estimate rests on construction costs that may range from $45 billion to $90 billion.
Alaska House examines $4 billion LNG equity option, Fairbanks spur-line tax break
“in addition to our developer, you know, ownership of 25% of 8Star Alaska, underneath that, as new investors come into the subsidiaries and equity is issued from those subsidiaries in exchange for capital, we will have the right to participate in that issuance of equity from a minimum of 5% up to 25%”
AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects
More conversations about the Governor's plan to make the AK LNG project more profitable to investors.
House Finance begins review of Alaska LNG tax bill with competing rate proposals
House Finance is debating a new tax plan for the Alaska LNG pipeline. Lawmakers and the administration disagree on the tax rate.
Energy consultant: Alaska LNG tax bill could cut delivered cost by 20 cents
A tax overhaul for Alaska LNG could cut delivered gas costs to Asia by 20 cents per unit, an energy consultant told lawmakers, but the Senate is pushing for higher taxes that could change the math.
Alaska LNG Tax Bill Walks Tightrope Between Project Viability and Local Needs
House committee approved a three-part tax on Alaska LNG with a six-year break, but Senate wants rates up to 55 cents per thousand cubic feet. • The bill requires community benefit agreements and revenue sharing with municipalities, but lacks enforcement details. • North Slope and Kenai Peninsula boroughs could take equity stakes instead of tax payments, a structure unlike other major LNG projects.
