oil and gas

On today’s episode of the Kenai Conversation, we’re checking in on the status of legislative tax breaks for the Alaska LNG Project and where the project stands now. Up first, we’re joined by Adam Prestidge, president of Alaska LNG for developer Glenfarne.

“This has been billed as the bill that either makes a pipeline be built or does not make a pipeline be built, and that just really is not true,” said Soldotna Republican Rep. Justin Ruffridge.

On today’s episode of the Kenai Conversation, we’re joined by Republican State Sen. Jesse Bjorkman to talk about the Alaska Legislature’s ongoing special session and the Alaska LNG Project tax break driving debate.

The event came as state senators 600 miles away considered a high-stakes tax cut for the project the developer says is crucial to making it economical.

In attendance were representatives of would-be gas buyer Donlin Gold, a Greek shipping company called Danaos and Korean steel supplier POSCO.

Dunleavy spoke with KDLL one-on-one the day the legislation was introduced.

Both Hilcorp and ENSTAR said they’ve been eyeing Kenai’s pore space for about a year. ENSTAR estimates it could start injecting gas by the end of the year for around $240 million. Hilcorp says it could do it for less money, around $100 million.

The announcement described a smattering of new nonbinding agreements that cover gas supplies from ExxonMobil and Hilcorp, roughly two-thirds of the steel needed for the pipeline and construction services.

Through the partnership the company would “facilitate the construction and operation” of at least six liquefied natural gas carriers.

Under the nonbinding agreement, Glenfarne would lend Donlin its pipeline expertise and Donlin would buy natural gas from Glenfarne.