Alaska Sustainable Energy Conference 2026 · Photo source · Editorial use
Adam Prestidge
President/Executive Vice President, Business Affairs, LNG · Glenfarne Alaska LNG
28 articles · 14 transcripts · 24 clips
Adam Prestidge is the President and Executive Vice President of Business Affairs, LNG at Glenfarne Alaska LNG, working on the Alaska LNG project.
Affiliations
Alaska LNG's first construction work moves to 2027 after a planned April start passes
“8 Star plans to commence construction at early works locations during the 2026 field season.”
State proposes full leases for Alaska LNG pipeline route, replacing conditional leases
The state proposed Friday to give Alaska LNG full leases for its 807-mile pipeline route. Closed financing, final contracts and a tax deal are still pending.
Alaska LNG lease filing lists state gasline corporation as 25 percent owner
“AGDC divested majority membership and management of 8 Star in 2025 to Glenfarne.”
Alaska LNG asks DNR to convert conditional pipeline leases to full leases
“The financing will support a total project company capitalization for 8 Star in excess of $50 billion”
Hilcorp says opposing the tax isn't opposing the gas line
“I think that the property tax bill now sits on the 1-yard line, the last mile, the final push up, up the mountain.”
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.
The state is being asked to bank on a gas line price it may never fully see
“the ultimate cost to complete is going to be something that is most likely not going to be made public.”
Gas-line developer warns Alaska's Senate terms could drive it off
“Putting this pass-through entity tax in the place where it would assign the pass-through entity tax of 9% at the LNG LLC level would be a unique burden on any project finance vehicle. Typically a project finance vehicle is set up as a pass-through entity and the upstairs shareholders pay tax on that because— so that they can all invest under their different arrangements.”
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
“We would not ask for any numerical value to be assigned based on the implementation of a tax arrangement.”
The $16 Gas Promise Comes With Fine Print
The gas line's headline $16 price is firm — until you notice it's quoted in the wrong unit, climbs with inflation before any gas arrives, and gets policed by a commission missing half its top staff.
Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates
“it is not a firm commitment that all of the permits must be obtained because that is outside of the scope of the project developer's control. That is outside of 8 Star's control. At the end of the day, if there is a regulatory agency that for some reason declined to issue permits for the Fairbanks Spur Line, we wouldn't want that to jeopardize the tax treatment for the overall project that benefits the entire state of Alaska.”
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.
Alaska Building Trades, LNG subsidiary sign worker hiring pact
“to prioritize working with Alaska-based companies, Alaska Native corporations, and hiring Alaskans for this project”
Same committee, same day, two close votes on Alaska LNG ratepayer protection — and they didn't go the same way
House Finance can't quite decide how much to protect Alaska ratepayers from LNG cost overruns — Tuesday's two votes split, with the same person providing the swing both times.
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
“the Alaska Advantage principles you see on the screen here are unique. And you wouldn't normally find this in a typical private equity type investment”
Alaska LNG Project Shifts Focus to In-State Gas, Delays Export Phase
Alaska LNG delays exports, focuses first on supplying in-state gas from North Slope to Cook Inlet. • Lawmakers debate tying tax breaks to a required gas line serving Fairbanks. • Company warns narrow financial window and limited pipeline capacity pose challenges. • Governor says tax breaks are needed to compete with cheaper energy projects elsewhere.
Oklo targets 2030 for Alaska's first small nuclear reactor at Eielson
Oklo builds Alaska's first small nuclear reactor at Eielson Air Force Base, starting 2027, operating 2030. • 5 megawatts electricity plus steam for base heating needs. • Over 300 construction jobs, 70 to 80 permanent positions. • Based on proven fast reactor design with 400 years global experience.
Alaska LNG Project Targets 2029 Gas Delivery as Developer Reports Major Contract Awards
Alaska LNG project targets 2029 gas delivery after awarding major construction contracts, but needs legislative approval of a 6 cent per MCF tax rate within three weeks to reach final financing.
Gas Line Developer Warns Tax Hike Would Delay Project, Jeopardize 2029 Deadline
The Alaska gas pipeline developer warned that a proposed 15-cent tax would delay the project's final investment decision and jeopardize the 2029 completion target.
House Finance Advances Paid Parental Leave Bill
House Finance advanced a paid parental leave bill creating a new payroll tax, with benefits starting in 2029. • Small businesses with fewer than 25 workers would be exempt from providing benefits but employees would still pay in. • Committee raised concerns about long-term funding past 2040 and potential equal protection issues.
Alaska House Rewrites LNG Tax Bill, Raising Rate While Empowering Boroughs
Alaska House raised the LNG pipeline tax to 15 cents per thousand cubic feet and gave boroughs power to negotiate property taxes on gas facilities instead of a uniform state rate.
House Panel Advances $40M Community Impact Fund for Gas Pipeline
House Resources Committee voted 7-2 to increase a community impact fund for Alaska LNG pipeline municipalities to $40 million, over the project developer's objection that it exceeds economic modeling.
Senate panel debates $1B tax break for Alaska LNG amid cost secrecy
“if you tally up the stacked tariffs that are presented in this bill, 15 cents, 15 cents, and 25 cents, you end up with a 55-cent per MCF tax. I would describe that as very burdensome for the project and potentially prohibitively so in terms of having a Phase 1 project go forward on any of the timelines that we've discussed”
