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Alaska LNG Deal in Final Negotiations | Anchorage News
Description
Alaska lawmakers are racing to finalize a controversial draft bill for the Alaska LNG project, offering tax breaks to developer Glenfarne—whose 75% ownership makes the deal pivotal for investor confidence. Amid fierce debate over whether to apply state corporate taxes to private oil companies—a move Governor Dunleavy calls a “poison pill”—a six-member committee works to reconcile House and Senate versions. The bill also includes construction deadline extensions, price caps for Alaskans, and strict transparency rules on foreign ownership, while banning state payouts if the project fails. With a July 16th deadline looming, negotiators seek a balanced compromise that fuels economic growth without risking state finances or accountability.
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