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Alaska agency boosting gas line asks skeptical Legislature to consider investing up to $800M

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Alaska agency boosting gas line asks skeptical Legislature to consider investing up to 0M


Alaska Gasline Development Corp. president Frank Richards, left, and Matt Kissinger, venture development manager at AGDC, discuss the proposed $44 billion gas pipeline project with state legislators on Wednesday, April 23, 2025. (Sean Maguire / ADN)

JUNEAU — The state agency advocating for a $44 billion gas line in Alaska is asking the Legislature to consider investing up to $800 million in the long-sought but faltering megaproject.

There has been renewed interest in building an 800-mile gas pipeline from the North Slope since President Donald Trump announced his strong support for the project. Several Asian nations have shown an interest in investing in the pipeline and buying gas from Alaska, but no concrete deals have yet been signed.

Gov. Mike Dunleavy and Alaska’s three-member, all-Republican congressional delegation have been bullish on the Alaska LNG project. Some lawmakers have been equally optimistic, but multiple legislators said they remain skeptical that the pipeline will be built, particularly on the fast timeline touted by the project’s new private developer.

Frank Richards, president of Alaska Gasline Development Corp., told legislators this week about the upsides of the project. It has been fully permitted and is eligible for $28 billion in federal loan guarantees, he said.

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Delegates from South Korea and Thailand are set to come to Alaska soon to study the project, AGDC officials said this week. Additionally, the Trump administration is urging leaders of several Asian nations to commit to the pipeline with representatives set to attend a June summit in Alaska, The New York Times reported.

[South Korea and other Asian countries plan visits to the state as they eye Alaska LNG project]

The renewed interest in the pipeline comes after AGDC — the state agency leading the project — announced in January that Glenfarne had signed on to become its lead developer.

The terms of AGDC’s deal with Glenfarne, a New York-based company, remain confidential. But AGDC told lawmakers this week that Glenfarne agreed to take a 75% stake in exchange for bringing the project to a final investment decision — a pivotal step in completing a megaproject.

Richards said Wednesday that Glenfarne had recently “suspended” calls for an Alaska development agency to provide $50 million as an insurance policy for remaining engineering and design work. Instead, Richards said Glenfarne would be willing to use private capital to complete that work, which is estimated to cost $150 million.

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‘It is in our future’

In recent months, some lawmakers have been buoyed by the prospects for the project.

Anchorage GOP Rep. Chuck Kopp penned an opinion piece in the Daily News encouraging Alaskans to “shake the cynicism off.” Fellow Anchorage Republican Rep. Mia Costello introduced a legislative resolution that urges support for “the rapid advancement” of the pipeline.

“We really will be having a gas line. It is in our future,” Costello said at a Tuesday media conference.

Still, multiple lawmakers said while they support the pipeline, they have lingering doubts and questions. Some legislators have been skeptical about the project’s costs and timelines; others have questioned why Glenfarne, a relatively new player in the oil and gas sector, was chosen as the lead developer.

Richards said other offers were discussed, but Glenfarne got the tick of approval from AGDC’s board and investment bank Goldman Sachs.

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Some lawmakers have bristled at what they say is the Legislature’s limited oversight of the project.

In 2014, the Legislature approved Senate Bill 138, which granted AGDC broad authority to develop the pipeline.

Republican former House Speaker Mike Chenault, a current AGDC board member, said the agency’s independence was by design. He said that gives AGDC the ability to make decisions in a timely matter.

“I believe that if the Legislature gets involved, that this project will go away,” he said.

With Southcentral Alaska facing a looming shortfall of natural gas from Cook Inlet, the pipeline has been touted as a way to secure gas supply for Alaska in the long term. But the project is also being discussed as a way to fill state coffers.

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Officials at AGDC said the state’s current stake in the project could potentially raise hundreds of millions of dollars per year in new revenue, but that is still set to be negotiated with Glenfarne and any other potential investors.

There is an opportunity for Alaska to invest substantially more in the project to collect more revenue for the state, Richards said.

“The big question for the state of Alaska going forward is really going to be around that equity financing,” he said Wednesday to a joint legislative committee.

The project has recently been split into phases. The first phase would see an 807-mile gas pipeline built from the North Slope to Nikiski. The second phase would see plants built to treat gas and prepare it for export.

Richards told lawmakers that the state, Alaska Native corporations, Alaska businesses and individual Alaskans could invest up to 25% in those subprojects. For the pipeline, that would cost roughly $800 million. For the pipeline and two plants, the cost would be over $3.5 billion, AGDC board members said earlier in the month.

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The Legislature is currently grappling with strained revenue and a dire fiscal outlook, making it unlikely that it could fund the 25% stake in the pipeline, lawmakers said.

Anchorage Republican Sen. Cathy Giessel said that she had heard little interest from lawmakers for the state to put “money into this project.” Giessel, chair of the Senate Resources Committee, said “$800 million, of course, is an absurd amount.”

Timing, tailwinds and wariness

Project timelines have also been greeted with skepticism by veteran legislators.

Richards told lawmakers this week that a final investment decision could be reached by the end of the year. A pipeline could be constructed and delivering gas for Alaskans by 2030 or 2031, he said.

During a joint legislative committee hearing, House Speaker Bryce Edgmon said that there seemed to be “missing key ingredients” in answers to legislators’ questions from AGDC. Edgmon, a Dillingham independent, suggested that the 2031 timeline seemed “more aspirational than it is reality.”

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The costs of the project have also come under scrutiny. The full gas line project was estimated in 2023 to cost $44 billion, AGDC board members said. The pipeline itself was expected then to cost just under $11 billion.

Rep. Zack Fields, D-Anchorage, said that the trans-Alaska pipeline was completed in 1977 at a cost of $8 billion. He said that the gas pipeline is expected to cost 37% more than TAPS, but that inflation has increased prices more than five-fold over the past 48 years.

Fields asked how that cost estimate for the gas pipeline could be “plausible.”

Warren Christian, an AGDC board member, said the project’s costs were carefully calculated by ExxonMobil.

An updated cost estimate is expected after engineering and design work is completed, AGDC officials said.

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While pipeline discussions continue, concrete plans have been advancing to import gas for Southcentral Alaska. Gas line boosters said the project could be a viable long-term fix for the state’s energy needs.

Veteran legislators say they’ve heard that before.

Anchorage Democratic Sen. Bill Wielechowski said there seemed to be some positive “tailwinds” behind the project, citing interest from the Trump administration and in Asia. But Wielechowski estimated this was the eighth version of the pipeline he’s heard pitched during his 18-year tenure in the Legislature.

“I’m a bit wary at this point, just based on promises we’ve heard in the past,” he said. “New administrations, new people come in and it sounds great, and then, for whatever reason, it just doesn’t work.”

As an example, he pointed to TransCanada. In 2008, the Legislature approved paying up to $500 million for the Calgary-based company to help with pre-construction costs. Seven years later, the Legislature appropriated $64 million to buy out TransCanada’s stake in the project.

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Wielechowski said the state should consider investing in the pipeline to raise more state revenue for Alaska. But echoing many in the Capitol, he remained somewhat doubtful the project would come to fruition.

“I want it to happen. I share the sentiment that I think many Alaskans share — I’ll believe it when I see it,” he said.





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Alaska

Denali National Park offering unique holiday experience

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Denali National Park offering unique holiday experience


ANCHORAGE, Alaska (KTUU) – Denali National Park & Preserve is offering travelers a unique way to celebrate the holiday season at the base of North America’s tallest peak.

“It’s a great place to come if you’re into snow and being cold,” said Amber Smigiel, Public Affairs Officer for Denali National Park and Preserve.

“If you come at night, you probably have a chance to see the auroras, and it is really beautiful here during the winter.”

Despite the cold and storms associated with winter at Denali, Smigiel said adventure-seekers are still allowed to attempt a summit of Mount McKinley.

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“We don’t have any staff up there, so you’re pretty much on your own,” she said.

“We definitely don’t recommend doing it by yourself. Only, I think, 17 people have ever summited during winter, so it’s not a very realistic goal, but you know what? We’re not going to stop you if you want to try.”

For those looking for a calmer experience, Smigiel said there are several events and accommodations planned at the base of the mountain.

“The road is closed at mile 3 for cars, but you can ski, hike, snowshoe on the road and some of the hiking trails in the front country or even farther in the backcountry,” she said.

“You can winter camp if you’d like. We have our permits for that so you can come and sleep in the snow if that’s your thing. Our visitor center has snowshoes and the spikes, snow spikes, so you can go and rent some of that while you’re here.”

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While Denali’s iconic bears are mid-hibernation, Smigiel said animal lovers still have a chance to catch a glimpse of the local wildlife.

“The kennels are open from one to four on Saturday and Sunday, so you can come see the dogs and the puppies during the winter,” she said.

“There are still moose and caribou and wolves. The moose sometimes come closer to the front of the park because they like to use the road just as much as people do.”

While visitors are welcomed to book a stay at Denali, Smigiel told Alaska’s News Source that some amenities may not be available during the winter.

“The one thing that you need to remember when you come to Denali during the winter is that there’s one restaurant and one grocery store and two gas stations that are open and those are about 10 miles from the park,” she said.

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“Make sure that you have all your provisions with you, water, snacks, all that kind of stuff. We do have an indoor picnic area where you can go and get warm and, you know, fill your water bottles up and that kind of thing, but nothing that you can purchase while you’re in the park.”

Although current weather conditions have caused the park to reschedule, Smigiel said that rangers are planning to host a “Ski and Stroll” for the winter solstice, where visitors are invited to walk trails near the park.

See a spelling or grammar error? Report it to web@ktuu.com



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Alaska’s Maxime Germain named to US Olympic biathlon team

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Alaska’s Maxime Germain named to US Olympic biathlon team


Alaska’s Maxime Germain was named to the U.S. Olympic biathlon team to compete at the 2026 Milano-Cortina Olympic Winter Games. (Photo provided by U.S. Biathlon)

Alaska’s Maxime Germain has been named to the U.S. Olympic biathlon team and will compete at the 2026 Milano-Cortina Olympic Winter Games.

Germain, 24, who was born in Juneau and graduated from West Anchorage High School in 2019, will be making his Olympic debut.

“I am stoked to have qualified,” Germain said in a U.S. Biathlon release. “The goal is now to perform there! It is going to be my first Olympics, but it shouldn’t be any different from other racing. Same venue, same racing, different name!”

The announcement was made Sunday at the conclusion of the World Cup stop in France. He is currently 34th in World Cup rankings, the second-best American behind Olympic teammate Campbell Wright.

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Germain has raced for the APU Nordic Ski Center and trained with the Anchorage Biathlon Club.

“Maxime has worked really hard throughout the off season, improving his mental game and bringing an overall level up to the World Cup this year,” U.S. Biathlon High Performance Director Lowell Bailey said in the release. “This showed right away at the first World Cup in Ostersund, where he proved he can be among the world’s fastest and best biathletes. Maxime will be a great addition to the U.S. Olympic team!”

Before coming to Anchorage, Germain grew up in Chamonix, France, and started biathlon there at age 13.

Germain is a member of Vermont Army National Guard as an aviation operations specialist and is studying to become a commercial pilot. Germain has trained with the National Guard Biathlon Team and races as part of the US Army World Class Athlete Program.

Germain joins Wright, Deedra Irwin and Margie Freed as the first four qualifiers for the 2026 Olympic Biathlon Team. The remaining members of the team will be announced on Jan. 6 following completion of the U.S. Biathlon Timed Trials.

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The 2026 Winter Olympics run from Feb. 6-22 in Italy.





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Trump administration opens vast majority of Alaska petroleum reserve to oil activity

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Trump administration opens vast majority of Alaska petroleum reserve to oil activity


The northeastern part of the National Petroleum Reserve-Alaska is seen on June 26, 2014. (Photo by Bob Wick / U.S. Bureau of Land Management)

The Bureau of Land Management on Monday said it approved an updated management plan that opens about 82% of the National Petroleum Reserve-Alaska to oil and gas leasing.

The agency this winter will also hold the first lease sale in the reserve since 2019, potentially opening the door for expanded oil and gas activity in an area that has seen new interest from oil companies in recent years.

The sale will be the first of five oil and gas lease sales called for in the One Big Beautiful Bill Act that passed this summer.

The approval of the plan follow the agency’s withdrawal of the 2024 activity plan for the reserve that was approved under the Biden administration and limited oil and gas drilling in more than half the reserve.

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The 23-million-acre reserve is the largest tract of public land in the U.S. It’s home to ConocoPhillips’ giant Willow discovery on its eastern flank.

ConocoPhillips and other companies are increasingly eyeing the reserve for new discoveries. ConocoPhillips has proposed plans for a large exploration season with winter, though an Alaska Native group and conservation groups have filed a lawsuit challenging the effort.

The planned lease sale could open the door for more oil and gas activity deeper into the reserve.

The Voice of the Arctic Iñupiat, consisting of elected leaders from Alaska’s North Slope, where the reserve is located, said it supports the reversal of the Biden-era plan. Infrastructure from oil and gas activity provides tax revenues for education, health care and modern services like running water and sewer, the group said.

The decision “is a step in the right direction and lays the foundation for future economic, community, and cultural opportunities across our region — particularly for the communities within the (petroleum reserve),” said Rex Rock Sr., president of the Arctic Slope Regional Corp. representing Alaska Natives from the region, in the statement from the group.

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The reserve was established more than a century ago as an energy warehouse for the U.S. Navy. It contains an estimated 8.7 billion barrels of recoverable oil.

But it’s also home to rich populations of waterfowl and caribou sought by Alaska Native subsistence hunters from the region, as well as threatened polar bears.

The Wilderness Society said the Biden-era plan established science-based management of oil and gas activity and protected “Special Areas” as required by law.

It was developed after years of public meetings and analysis, and its conservation provisions were critical to subsistence users and wildlife, the group said.

The Trump administration “is abandoning balanced management of America’s largest tract of public land and catering to big oil companies at the expense of future generations of Alaskans,” said Matt Jackson, Alaska senior manager for The Wilderness Society. The decision threatens clean air, safe water and wildlife in the region, he said.

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The decision returns management of the reserve to the 2020 plan approved during the first Trump administration. It’s part of a broad effort by the administration to increase U.S. oil and gas production.

To update the 2020 plan, the Bureau of Land Management invited consultation with tribes and Alaska Native corporations and held a 14-day public comment period on the draft assessment, the agency said.

“The plan approved today gives us a clear framework and needed certainty to harness the incredible potential of the reserve,” said Kevin Pendergast, state director for the Bureau of Land Management. “We look forward to continuing to work with Alaskans, industry and local partners as we move decisively into the next phase of leasing and development.”

Congress voted to overturn the 2024 plan for the reserve, supporting bills from Alaska’s Republican congressional delegation to prevent a similar plan from being implemented in the future.





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