Alaska Online Public Notices #AFE 26-001 Revision 1

AGDC Board Meeting: FY26 Budget Revision for Alaska LNG and Infrastructure Project Support

This is a regular board meeting announcement for the Alaska Gasline Development Corporation (AGDC), focusing on governance and support for major infrastructure projects. - The meeting will review and approve a revised Authorization for Expenditure (AFE 26-001 Revision 1), increasing the FY26 capital budget from $1,594,000 to $2,749,000. - Funding supports AGDC's 25% minority ownership in the Alaska LNG Project, including commercial and program management, and specialized contractor support. - AGDC's roles include governance of 8 Star Alaska, support for the private sector developer Glenfarne Alaska LNG, LLC, and acting as contractual counterparty for the Port Mackenzie Rail Extension (PMRE) Project with Macquarie and Martinus. - The budget also covers facilitation of the Property Tax Work Group, which addresses oil and gas property tax relief for the Alaska LNG Project. - Key vendors and partners mentioned: Glenfarne Alaska LNG, LLC (project developer), Macquarie, Martinus, Ryan LLC, and Pioneer Law. - Services include reimbursable transition services, technical and commercial support, and governance activities. - Funding is provided through reimbursable service agreements from the Alaska Department of Transportation & Public Facilities and the Governor's Office. - No direct procurement or award is being announced; this is an informational update and budget approval event.

Description

The Alaska Gasline Development Corporation (AGDC) Board of Directors will hold a regular board meeting on March 19, 2026, at 9:00 AM at the Anchorage Legislative Information Office in Anchorage, Alaska. The meeting is open to the public both in person and via Zoom Webinar. The agenda includes approval of minutes, President's report, discussion of Authorization for Expenditure (AFE) 2026-001 Revision 1, and other board matters. The meeting also addresses AGDC's ongoing projects including the Alaska LNG Project, Port Mackenzie Rail Extension, and Property Tax Work Group support.

View original listing