Glenfarne Group LLC stated Thursday it had signed a number of preliminary agreements to supply pure fuel for and promote output from Alaska LNG, designed to additionally provide the home market, in addition to conditionally awarded construct contracts.
Alaska LNG holds an Power Division allow to export 20 million metric tons each year (MMtpa) of LNG, or 2.55 billion cubic toes a day of pure fuel equal in line with Alaska LNG, to each FTA and non-FTA nations. The challenge secured the authorization November 2014 for the portion for nations with a free commerce settlement (FTA) with america and August 2020 for the non-FTA portion.
On December 11, 2025 the Federal Allowing Enchancment Steering Council introduced the completion of allow renewal for the challenge, which might course of fuel from the North Slope for each the home and abroad markets, following a evaluate of environmental opinions.
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On Thursday Glenfarne stated it has executed “fuel gross sales precedent agreements” with Exxon Mobil Corp and Hilcorp Power Co for the availability of fuel from section 1 of Alaska LNG. The Houston, Texas-based developer didn’t disclose any potential contract quantity. Glenfarne has a earlier fuel gross sales precedent settlement with Pantheon Assets PLC.
“These agreements, which embrace pricing, contract size and different basic industrial phrases, are a monumental step in reaching the decades-long goal of bringing the advantages of Alaska’s unimaginable North Slope reserves to Alaskans and to world markets”, stated Adam Prestidge, Glenfarne president for Alaska LNG.
Thursday’s assertion additionally stated Glenfarne had signed a letter of intent with Alaskan utility ENSTAR Pure Gasoline Co for a 30-year provide of LNG from the challenge. The amount beneath negotiation was not disclosed.
Earlier this month it introduced a letter of intent with Donlin Gold LLC of Novagold Assets Inc for an influence plant for the Donlin gold mine that may be fed by Alaska LNG. The doc additionally gives for “a possible pure fuel gross sales settlement for as much as 50 million cubic toes of pure fuel per day” and a pipeline related to the native mine, Glenfarne stated in a press launch January 10.
On December 5, 2025 Glenfarne stated it had finalized a partnership with POSCO Worldwide Corp that features the execution of heads of settlement for a 20-year offtake of 1 MMtpa and a pre-FID funding from the Incheon, South Korea-based firm. POSCO has additionally agreed to provide metal for Alaska LNG’s 807-mile, 42-inch pipeline.
The opposite earlier preliminary offtake agreements for Alaska LNG contain patrons in Japan, South Korea, Taiwan and Thailand, in line with Glenfarne.
Thursday’s replace additionally stated Glenfarne has provisionally chosen Sydney, Australia-based Worley Ltd for engineering, procurement and development administration providers for Alaska LNG. Worley on the finish of 2025 accomplished “engineering work enough for a closing funding resolution [FID]”, the assertion stated.
Glenfarne additionally introduced conditional awards for pipeline development to Wisconsin-based Precision Pipeline LLC; Texas-based Worth Gregory Worldwide; joint bidders ASRC Power Providers LLC and Michels Pipeline Inc, primarily based in Alaska and Wisconsin respectively; joint bidders Related Pipe Line Contractors Inc of Texas, Cruz Building Inc of Alaska and Doyon Power Providers LLC of Alaska; joint bidders Barnard Pipeline Inc of Montana and SICIM SpA of Italy; joint bidders U.S. Pipeline of Texas and VINCI Building of France.
For pipe provide, Glenfarne stated it had penned preliminary agreements for about two-thirds of the pipeline with Germany’s Europipe Gmbh and Greece’s Corinth Pipeworks SA.
Final 12 months Baker Hughes agreed to a partnership with Glenfarne that may see it provide refrigerant compressors and energy era gear for Alaska LNG. Underneath the collaboration, Baker Hughes has additionally dedicated to investing in Alaska LNG.
The challenge is deliberate to proceed in two phases. Section 1 goals to ship fuel to the home market by way of a pipeline to the Anchorage area.
“Glenfarne is concentrating on mechanical completion of the pipeline in 2028 and supply of first fuel in 2029”, Glenfarne stated Thursday.
Section 2 would set up further infrastructure to allow abroad exports.
Glenfarne took over Alaska LNG in March 2025 as lead developer, with the state authorities’s Alaska Gasline Improvement Corp retaining 25 p.c.
To contact the writer, electronic mail jov.onsat@rigzone.com
