ConocoPhillips has signed a long-term take care of Glenfarne Group LLC to produce pure gasoline produced on Alaska’s North Slope to the state below part 1 of the Alaska LNG undertaking.
Alaska LNG, which might ship gasoline from the North Slope for each the home and abroad markets, is deliberate to proceed in two phases. The primary part would provide gasoline to the home market by way of a pipeline to the Anchorage area.
With the 30-year “gasoline gross sales precedent settlement” with Houston, Texas-based ConocoPhillips, “Alaska LNG has now secured precedent agreements for ample volumes to help a Section One closing funding choice and provide sufficient pure gasoline to fulfill Alaska’s vitality wants”, Glenfarne stated in a web based assertion Monday.
- Advertisement -
“Alaska LNG now has agreements with all three main North Slope producers: ConocoPhillips, ExxonMobil (NYSE: XOM), Hilcorp Alaska, in addition to Nice Bear Pantheon LLC, a completely owned subsidiary of Pantheon Assets plc (AIM: PANR)”, New York Metropolis-based Glenfarne added.
Glenfarne beforehand stated it goals to mechanically full the 739-mile, 42-inch pipeline 2028 and begin gasoline supply 2029.
Alaska LNG’s part 1 would “strengthen long-term vitality safety and handle looming provide shortfalls ensuing from declining Prepare dinner Inlet manufacturing”, Glenfarne stated Monday.
“Section Two will add the LNG export amenities in Nikiski”, Glenfarne added. Alaska LNG holds an Vitality Division allow to export 20 million metric tons a yr of liquefied pure gasoline, equal to 2.55 billion cubic ft a day of pure gasoline in accordance with Alaska LNG.
For the abroad portion of manufacturing, Glenfarne has introduced preliminary long-term agreements with Taiwan’s CPC Corp, Japan’s JERA Co Inc and Tokyo Fuel Co Ltd, South Korea’s POSCO Worldwide Corp, Thailand’s PTT Public Co Ltd and France’s TotalEnergies SE.
Asserting the most recent offtake settlement February 26, 2026, Glenfarne stated it “intends to contract 80 p.c, or 16 MTPA [million metric tons per annum], of Alaska LNG’s 20 MTPA quantity to finance the undertaking and now has 13 MTPA accounted for below preliminary long-term agreements with Complete Energies, JERA, Tokyo Fuel, CPC, PTT and POSCO”.
On December 11, 2025 the Federal Allowing Enchancment Steering Council introduced the completion of allow renewal for Alaska LNG following a evaluation of environmental opinions.
On the finish of 2025 Sydney, Australia-based Worley Ltd accomplished “engineering work ample for a closing funding choice”, in accordance with a Glenfarne assertion January 22, 2026.
The January announcement additionally stated Glenfarne has provisionally chosen Worley for engineering, procurement and development administration providers for Alaska LNG.
The replace additionally introduced conditional awards for pipe provide and development.
On November 10, 2025 Glenfarne stated it has contracted Baker Hughes to produce refrigerant compressors and energy era tools for Alaska LNG. Baker Hughes has additionally dedicated to investing in Alaska LNG.
Glenfarne took over Alaska LNG in March 2025, turning into lead developer. The state authorities’s Alaska Gasline Improvement Corp retains 25 p.c.
To contact the creator, e mail jov.onsat@rigzone.com
What do you suppose? We’d love to listen to from you, be part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all vitality professionals to Converse Up about our business, share information, join with friends and business insiders and have interaction in an expert neighborhood that may empower your profession in vitality.
