08/20/2026
In episode four of Pipe Dreams, we’re looking at what the back-and-forth on AKLNG in the Alaska Legislature's regular and special sessions has been all about. Here’s a hint: tax breaks 💰
Glenfarne wants AKLNG to be exempt from Alaska’s oil and gas property tax, instead replacing it with an “Alternative Volumetric Tax,” or AVT. The AVT would be based on the amount of gas that flows through the project, and could amount to a tax break worth up to $22 billion over the next 30 years for Glenfarne.
Legislators struggled to craft and agree on a bill that would ensure that AKLNG benefitted Alaskans and not just outside investors.. Part of this struggle came from Glenfarne and AGDC’s lack of transparency on project cost estimates AND the Governor’s decision to wait until late March to introduce AKLNG legislation. It’s no wonder there was the need to call THREE special sessions. 3️