Alaska LNG
RSSAlaska LNG is a proposed natural gas pipeline and export terminal connecting Alaska's North Slope to Nikiski. The state-owned Alaska Gasline Development Corporation and developer Glenfarne back the project, also called AKLNG, which is debated in state tax and financing legislation.
What the Senate Changed in the Gas-Line Deal
The Senate's gas-line rewrite caps your gas price, leashes the state's pipeline agency, and lets the boroughs pocket most of the tax money for decades before the state takes its cut.
by Walter AlaskaNews3mo ago3 min read
A union-labor fight is breaking out over who builds Alaska's gas line
Alaska's forever-promised gas line finally has a fight worth watching — a union-labor mandate, a governor hopeful crying foul, and no one's seen the actual text.
by Walter AlaskaNews3mo ago2 min read
Alaska Senate digs in on gas tax bill, sends it to conference
Alaska Senate refused to back down on HB 381, sending the natural gas pipeline tax bill to a conference committee to resolve how to tax the Alaska LNG Project and fund municipalities and schools.
by Walter AlaskaNews3mo ago2 min read
Alaska House recesses 10 days as gas line conference committee begins
We all know they're trying, but they very well may be intending for different outcomes when it comes to Alaska's LNG.
by Walter AlaskaNews3mo ago4 min read
Senate passes gas-line bill; Dunleavy immediately calls lawmakers back to rewrite it
Special session concludes without passage of a gasline bill, and now the question is if this is an end to negotiations or if they'll continue tomorrow. The Governor thinks they're close.
by Cale Green4mo ago3 min read
Dunleavy called a second special session over the unresolved LNG tax bill
Long Friday in Juneau: LNG tax bill stuck, second special session called, two vetoes overridden, three failed. Round three starts Saturday.
by Walter AlaskaNews4mo ago3 min read
Chugach and Glenfarne Alaska LNG signed a non-binding LOI — a step, not a contract
Chugach and Glenfarne signed a non-binding letter of intent. The pipeline still hasn't broken ground. One of many Chugach hedges.
by Maggie AlaskaNewsadded 4mo ago2 min read
Alaska Senate minority demands clean floor vote on LNG tax bill
Alaska Senate Republicans demanded a floor vote on HB 381, the LNG volumetric tax bill, without amendments. • The majority has not said whether it will attach an S-corporation tax provision the minority opposes. • Minority senators cited lower energy costs as the project's main public benefit for Alaskans.
by Walter AlaskaNews4mo ago2 min read
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
by Walter AlaskaNews4mo ago3 min read
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.
by Walter AlaskaNews4mo ago2 min read
Alaska regulators say gas-line oversight hinges on federal decision
Federal regulators claim exclusive authority over Alaska's proposed North Slope gas pipeline, blocking state oversight of ratepayer costs. • The project's split into in-state and export phases may give Alaska regulators a limited role if federal jurisdiction is revisited. • Lead developer Glenfarne is targeting a final investment decision this year and first gas by 2029.
by Walter AlaskaNewsadded 4mo ago2 min read
Alaska Building Trades, LNG subsidiary sign worker hiring pact
8 Star Alaska, a Glenfarre LNG subsidiary, signed a hiring agreement with Alaska Building Trades Councils on June 11 to prioritize Alaska workers for the 800-mile pipeline and LNG terminal. • The Alaska Legislature is considering House Bill 381 to cut project taxes and cap gas prices at $16 per unit for state utilities.
by Maggie AlaskaNews4mo ago1 min read
Alaska House passes new tax structure for Alaska LNG pipeline aimed at attracting investors
The Alaska House just passed the latest tax framework meant to finally install the LNG pipeline. Next, the Senate. Maybe. Pipeline still pending.
by Walter AlaskaNews4mo ago3 min read
Two firms seek competing gas-storage leases at Kenai Loop field
Hilcorp and ENSTAR filed competing applications to convert the depleted Kenai Loop gas field into storage, forcing the state to choose between them as Cook Inlet's gas production falls 60 percent short of winter demand for Southcentral Alaska.
by Bill AlaskaNewsadded 4mo ago2 min read
Senate Finance weighs Alaska LNG tax worth $124M a year — and whether it's enough for host communities
Governments are making compromises on the amount of property tax they'll receive - not all are happy about it
by Walter AlaskaNews4mo ago3 min read
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.
by Bill AlaskaNews4mo ago2 min read
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.
by Walter AlaskaNews4mo ago2 min read
House Finance writes a $16 gas-price cap into Alaska LNG bill — even if Enstar's contract isn't signed
Alaska House Finance voted 6-5 Monday to write a $16-per-MMBtu price cap for natural gas into the state's Alaska LNG tax bill, protecting consumers even if Enstar's contract with the developer remains unsigned.
by Walter AlaskaNews4mo ago2 min read
House Finance amendment lets pipeline-route municipalities bill Alaska LNG directly — skipping the state appropriation step
House Finance approved an amendment allowing pipeline-route municipalities to bill the Alaska LNG operator directly for their tax share instead of waiting for state appropriation.
by Walter AlaskaNews4mo ago2 min read
All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line
All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line
by Alaska News4mo ago3 min read
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.
by Walter AlaskaNews4mo ago2 min read
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.
by Walter AlaskaNews4mo ago2 min read
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.
by Walter AlaskaNews4mo ago3 min read
State wins option to buy 25% of Alaska LNG after investors commit
Alaska secured the right to buy up to 25% of the Alaska LNG project after private investors commit, with six months to decide whether to invest between $230 million and $1.16 billion.
by Alaska News4mo ago2 min read
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.
by Walter AlaskaNews4mo ago3 min read
Four Alaska co-ops file community solar tariffs in two-day span
Four Alaska electric cooperatives filed community solar programs this week, letting members buy shares in shared arrays instead of installing rooftop panels.
by Alaska Newsadded 4mo ago2 min read
Alaska raises rural power subsidy floor, cutting support $3M
Alaska's Regulatory Commission proposed raising the Power Cost Equalization baseline rate nearly 10 percent, cutting rural electricity subsidies by about $3 million. • The subsidy shrinks when urban power costs rise because the baseline is tied to Anchorage, Fairbanks, and Juneau rates. • Chugach Electric and Fairbanks power costs are climbing, driven partly by diesel dependence and higher gas prices.
by Alaska Newsadded 4mo ago2 min read
Dunleavy warns of 45-cent power without gas-line tax deal
Governor Dunleavy warned that without a gas-line tax bill passed in three weeks, Alaska could face power costs of 35 to 45 cents per kilowatt hour within five to 10 years.
by Alaska Newsadded 4mo ago3 min read
Alaska LNG developer says financing secured, eyes 2027 start
Alaska LNG developer says financing is secured and construction could start in early 2027, with gas flowing to Cook Inlet by late 2029, pending legislative approval of tax terms and regulatory sign-off on a gas supply deal.
by Alaska Newsadded 4mo ago2 min readAlaska LNG nears Enstar supply deal as Cook Inlet gas declines
Alaska LNG is near a deal to supply North Slope gas to Southcentral Alaska homes and businesses through Enstar Natural Gas at prices below imported LNG, with pipeline construction set to start in early 2027 and gas delivery by late 2029.
by Alaska Newsadded 4mo ago3 min read