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With gas prices so high, is North Slope gas really "stranded Alaska

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  • With gas prices so high, is North Slope gas really "stranded Alaska

    Yes, the gas really is stranded, even with current elevated gas prices. We are in a competition to attract $25 billion to build the line. We believe the project would not be economic to the producers who currently own the right to develop the gas resource without state participation and the fiscal certainty of the contract.

    Even if the producers considered the project to be economic at $5 per mcf under the current tax system, they would not commit to the massive investment necessary if there is a risk the state could later raise taxes and undercut the economics of a deal after the fact.
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