Friday’s Fast Five

Headlamp wants our followers to always be up to date with the developments in Alaska’s economy, politics, and industry. Check out this week’s rundown of the stories effecting you.

Top Story of the Week

In an “unprecedented” move this week, the Alaska House suspended action on all bills not related to the State budget. Lawmaker told media outlets that they wanted to “take some things off their plate” so they can pour their attention into the looming budget discussion.

Top Reads of the Week

AK LNG talks ‘unlikely’ to meet deadlines
Alaska Journal of Commerce, Elwood Brehmer, February 10, 2016
A lack of progress in negotiations between the state’s producer partners on major Alaska LNG Project agreements is likely to throw the project off schedule, according to a key member of the Walker administration.

U.S. approves ConocoPhillips LNG exports from Alaska
Reuters, Scott DiSavino, February 10, 2016
The U.S. Department of Energy approved ConocoPhillips’ application to export about 40 billion cubic feet of natural gas from its Kenai liquefied natural gas export terminal in Alaska over the next two years starting Feb. 19.

At current prices, neither the oil industry nor Alaska can take more
Alaska Dispatch News, Roger Marks, February 8, 2016
While it recognizes that in the current oil price environment there is simply no money for Alaska to pay out certain oil tax credits, it does not recognize there is also no money for the producers to pay a minimum tax.

Quote of the Week

“Any noise is bad in this situation. We’re hoping the legislature will reach a resolution with the landlord.”— Randy Hoffbeck, commissioner of the Alaska Department of Revenue.