Without the money, the Alaska Gasline Development Corp. will shut down, said its president, Frank Richards. (via AlaskaBeacon)
The trans-Alaska Pipeline is seen on Sept. 19 in Fairbanks. A project to build a parallel natural gas pipeline is seeking additional state funding.
In a pair of hearings at the state Capitol, corporation President Frank Richards asked state lawmakers for $3.1 million in funding.“If the budget does not include this, then yes, we will move out of their offices and we will be laying off our people and putting our projects in boxes,” Richards told the House Finance Committee.Sen. Bert Stedman, R-Sitka, said on Friday that the corporation will get its money, and there are no plans to defund the agency.
In addition to the $3.1 million needed to keep the corporation operating for another year, Richards requested Lawmakers said last week that they were inclined to approve that money as well. With global natural gas supplies disrupted by the Russian invasion of Ukraine, AGDC has advertised the Alaska project as a reliable alternative to Russian gas.
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