It’s the first time in years that private industry in the state has pitched in money to move the gasline project forward.
The goal is to completely map the seafloor by the year 2030 and three Alaska companies are pitching in.
State-led Alaska gasline project leaders confident on progress, minimize tariff impact during legislative update.
If the Senate’s cut stands the Alaska Gasline Development Corporation will be tackling the $45 billion project with only $45 million in the bank.
Alaska Gasline Development Corporation missed another deadline to complete its takeover of the LNG project. The company still needs control of Kenai Peninsula land and an export permit to complete the takeover.
The gas line bill would have added three legislators as non-voting Alaska Gasline Development Corporation board members.
Nothing has been decided, though. The state is still in discussions with its three partners.
In his resignation letter, Democrat Luke Hopkins said the legislature “has utterly failed Alaskans.”
The Senate Resources Committee questioned whether Hopkins and other board members have the experience needed to make important decisions about the proposed AKLNG pipeline.
“I somewhat inserted myself into the role that Mr. Boykin was (filling),” Gov. Bill Walker said.