Today, May 18, Glenfarne Alaska LNG, LLC and ConocoPhillips Alaska announced the companies have signed a gas sales precedent agreement to supply natural gas produced on Alaska’s North Slope for Phase One of the Alaska LNG project.
ConocoPhillips joins the North Slope’s two other major producers, ExxonMobil and Hilcorp Alaska, in agreeing to provide gas for the Alaska LNG pipeline. Glenfarne also has a gas sales precedent agreement with Great Bear Pantheon LLC, a wholly owned subsidiary of Pantheon Resources plc.
“All major North Slope producers have now committed enough natural gas to support a Phase One final investment decision,” stated Adam Prestidge, President of Glenfarne Alaska LNG. “Today’s milestone agreement establishes the commercial terms for ConocoPhillips to supply gas and help Phase One of Alaska LNG provide energy security for Alaska. I appreciate Erec and his team for their continued collaboration and support as we advance this transformational energy project for Alaska.”
ConocoPhillips Alaska President Erec Isaacson said, “ConocoPhillips shares Glenfarne’s commitment to developing Alaska’s resources for the long-term benefit of Alaskans. Our participation in Alaska LNG supports reliable access to responsibly produced North Slope natural gas while complementing our ongoing investment in Alaska.”
