Alaska LNG Project

planned

The Alaska LNG project is a proposed natural gas pipeline project in Alaska. A legislative bill intended to support the project failed to pass due to opposition related to a corporate income tax expansion affecting project stakeholders. The bill included provisions to expand the state's corporate income tax to include certain oil and gas companies while exempting the Alaska LNG project itself from the income tax. The project developer Glenfarne initially supported the bill but withdrew support due to potential cost increases influenced by Hilcorp's opposition to the tax expansion.