JUNEAU — The developer of the giant Alaska LNG project is telling federal regulators that it expects to begin construction in April, as part of a plan to build construction camps, access roads and close to 100 bridge crossings to support pipeline construction.
It’s part of Glenfarne’s ambitious schedule to start laying the steel pipe for the 800-mile gas line by the end of this year.
Some Alaska lawmakers are skeptical the work can happen by then, if at all.
Glenfarne has not announced a final investment decision to build the project, though it’s expected to cost at least $44 billion. That longtime cost estimate has recently been updated, but Glenfarne has said it won’t publicly release that information.
Glenfarne last month announced that it had signed several preliminary deals with gas producers and gas line builders, atop other preliminary deals with potential gas buyers. The agreements are nonbinding, but are viewed as key steps that could one day lead to binding agreements.
[Alaska LNG says it expects to start laying pipe as early as December]
Alaska lawmakers who are increasingly focused on the proposed project say they believe Glenfarne still needs to take important steps that could delay the project.
They say Glenfarne has not sought any support from the Legislature for Alaska LNG, though the company said in a statement Wednesday that it is pursuing “property tax reforms” with state and local leaders.
Gov. Mike Dunleavy, a project supporter, has said he plans to introduce a bill that would reduce the state’s oil and gas property taxes by 90% to assist the project.
Giessel told reporters on Tuesday: “Glenfarne has told us, ‘Don’t worry, this is a private-sector project. We will bear all of the cost. We will get investors. We will take all of the overruns and delays. We’ll take all that responsibility.’”
Lawmakers skeptical as developer of Alaska LNG megaproject sets rapid construction timeline
JUNEAU — The developer of the giant Alaska LNG project is telling federal regulators that it expects to begin construction in April, as part of a plan to build construction camps, access roads and close to 100 bridge crossings to support pipeline construction.
It’s part of Glenfarne’s ambitious schedule to start laying the steel pipe for the 800-mile gas line by the end of this year.
Some Alaska lawmakers are skeptical the work can happen by then, if at all.
Glenfarne has not announced a final investment decision to build the project, though it’s expected to cost at least $44 billion. That longtime cost estimate has recently been updated, but Glenfarne has said it won’t publicly release that information.
Glenfarne last month announced that it had signed several preliminary deals with gas producers and gas line builders, atop other preliminary deals with potential gas buyers. The agreements are nonbinding, but are viewed as key steps that could one day lead to binding agreements.
[Alaska LNG says it expects to start laying pipe as early as December]
Alaska lawmakers who are increasingly focused on the proposed project say they believe Glenfarne still needs to take important steps that could delay the project.
They say Glenfarne has not sought any support from the Legislature for Alaska LNG, though the company said in a statement Wednesday that it is pursuing “property tax reforms” with state and local leaders.
Gov. Mike Dunleavy, a project supporter, has said he plans to introduce a bill that would reduce the state’s oil and gas property taxes by 90% to assist the project.
Giessel told reporters on Tuesday: “Glenfarne has told us, ‘Don’t worry, this is a private-sector project. We will bear all of the cost. We will get investors. We will take all of the overruns and delays. We’ll take all that responsibility.’”