Alaska Governor Walker Drops Proposed Gas Reserve Tax

KTOO reports that Alaska Governor Bill Walker has dropped his proposal to tax unproduced natural gas reserves at a special legislative session called to discuss the Alaska LNG Project, a proposed 800 mile pipeline, liquefaction and LNG export terminal.  Walker dropped the tax proposal after receiving assurances from Alaska LNG Project sponsors BP, ConocoPhillips and ExxonMobil, that gas supplies for the project would be available in the event one of the sponsors pulls out of the project.  The remaining issue to be discussed at the session is whether the state should buy-out TransCanada’s share of the project at a cost of approximately $157 million.




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