ALASKA GASLINE DEVELOPMENT CORPORATION TELEPHONIC/VIRTUAL BOARD OF DIRECTORS MEETING

The Alaska Gasline Development Corporation (AGDC) has approved an Authorization for Expenditure (AFE) to fund the FY27 work program for its 8 Star Governance & Support initiative. The $1.278 million budget covers commercial and program management activities that will oversee AGDC’s 25 % ownership in the Alaska LNG project, support the private‑sector developer, manage potential claw‑back, and develop additional gas infrastructure. The effort runs from July 1 2026 through June 30 2027 and is staffed by embedded AGDC directors and specialized contractors (legal and commercial). Key deliverables include governance oversight, commercial contract support, FID (Final Investment Decision) facilitation, and coordination with state legislators and the developer. • Budget: $1.278 M (Commercial Management $751 K, Program Management $527 K) • Duration: 12 months (FY27) • Scope: Governance, commercial/legal support, program management, claw‑back and infrastructure planning for Alaska LNG and related projects • Staffing: Embedded AGDC Commercial Director, Program Director, and outside legal/commercial contractors • Objective: Enable AGDC to fulfill its minority‑owner role, support the private developer, and position the project for successful FID and future equity investment options.