Dunleavy Pushes for Alaska LNG Project Deal

Alaska Governor Mike Dunleavy is advocating for a revised Alaska LNG project, criticizing current House and Senate bills for not going far enough. His initial plan involved swapping property taxes for a low volumetric tax on shipped gas, but lawmakers increased it to twenty cents per thousand cubic feet. The megaproject aims to pipe natural gas from the North Slope for local use and exports to Asia, potentially reducing energy costs, creating jobs, and generating taxes and royalties. However, the estimated forty-six billion dollar price tag has hindered progress. Lawmakers defend their versions, emphasizing the elimination of the billion-dollar annual property tax hit and balancing global competitiveness with local needs. The White House supports Dunleavys approach, and he is heading to Juneau for meetings. Critics worry about increased local taxes for everyday folks if too much relief is provided. With gas producers remaining sidelined, the clock is ticking to prevent potential skyrocketing heat and power bills.

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