It’s the announcement so many have been anticipating: Glenfarne Alaska LNG, LLC, a subsidiary of Glenfarne Group, LLC and the majority owner and lead developer of the Alaska LNG project, announced today the completion of the first round of its strategic partner selection process.
The milestone comes with significant international momentum: more than 50 companies from the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union have formally expressed interest. The total of expressed inters is over $115 billion in potential contract value.
The expressed interest covers a wide range of partnerships, including equipment and material supply, investment agreements, service contracts, and LNG purchase commitments, highlighting a surge in global confidence in the project’s commercial viability and strategic importance.
The announcement came as over 1,000 industry and government leaders are gathered in Anchorage for Gov. Mike Dunleavy’s Strategic Energy Conference.
“The many expressions of interest received reinforce that the market recognizes Alaska LNG’s advantaged economics, fully permitted status, and powerful federal, state, and local support,” said Brendan Duval, CEO and Founder of Glenfarne. “The reality is being understood that the energy crisis in Southcentral Alaska can only be solved, in the long term, by the domestic portion of the pipeline, which is independently financially viable. We look forward to selecting our strategic partners and driving the project forward together.”
The Alaska LNG project is a joint venture with the State of Alaska’s Alaska Gasline Development Corporation. It features an 807-mile, 42-inch natural gas pipeline stretching from the North Slope to Southcentral Alaska. Designed to meet both in-state demand and international export needs, the project includes a 20 million tonnes per annum (MTPA) LNG export facility in Nikiski.
Glenfarne has structured the project into two financially independent phases. Phase One will construct the pipeline from the North Slope to the Anchorage region—approximately 765 miles—bringing much-needed supply to Southcentral Alaska’s strained energy market. Phase Two will add compression facilities and a 42-mile pipeline extension beneath Cook Inlet, linking to the Nikiski export terminal.
Glenfarne anticipates reaching a final investment decision (FID) on the domestic portion of the pipeline in late Q4 2025. To support that timeline, the company recently entered into a partnership with Worley to complete final engineering for the pipeline.
Glenfarne’s experience in LNG markets bolsters confidence in the Alaska project. Its Texas LNG project, also under Glenfarne ownership, has fully committed its export capacity and expects to reach FID later this year. The company also owns Magnolia LNG in Louisiana and is the largest LNG importer into Colombia. In total, Glenfarne’s LNG portfolio represents 32.8 MTPA of permitted export capacity.
Headquartered in New York and Houston, Glenfarne Group operates more than 50 energy infrastructure assets across five countries through its Global LNG Solutions, Grid Stability, and Renewables businesses.
Get ready. The momentum is building.
Remember the bumper stickers that read….
“Please lord just one more oil boom. I promise not to
F#^$ this one up”
Yup.
Apocalyptic Climate Alarmism is the kind of fear mongering Authoritarians use to control society.
Not that Big Tech has abandoned “it” because they need MEGA amounts of power for AI – that control mechanism will go to the ash heap of history like trannie mania, covid hysteria, and the ukraine war.
MAGA.
A President and cabinet that understands business and doesn’t want to capitulate to China because a bunch of LibTards are worried about whales.
Very exciting news. This has the potential to really bolster the Alaska economy.
I haven’t seem a contract with a LARGE natural gas producer on the slope that would make this project pencil. Even if a producer existed that was willing to sell the gas it is using to keep the wells pressurized to produce oil, the $50-$60 billion dollar construction cost prohibits competitive pricing with Louisiana port gas. This is not going to end well for the State of Alaska.
I’m not sure how a $10billion+ pipeline to serve southcentral “is independently financially viable” (Glen Farne statement above). That statement alone should give everyone some pause. Never mind the nearly two dozen LNG export facilities that are currently under development or in the pipeline to be developed in the L48 are going to leave much room for buyers. And you are absolutely correct–the natural gas that is being pumped on the North Slope is far more valuable for pressurizing formations and producing oil. But I guess the devil is in the details and not in the press releases.
Robert if an oil company can sale gas and make money they will. Quit down talking this project. I’m sick of nay sayers.
Ugh..steel tarrifs anyone?
Whole lotta tubular beyond 42″,which is a major undertaking itself.Plus loads of various dimension I-beams,angle ,thermo siphon tubes.
Current natgas price doesn’t support it,as was always the case.Royalties will pale compared to NS crude.
But it would bring a heck of a lot of jobs for a time, large amount to outside folks, since many alaskans don’t seem to want to work with there hands.
Good time to buy property in Nikiski!
Until the current world $3.20 mmBTU LNG price reaches $12.0 mmBTU the math does not math. My old boss was in LA working on the NW gas pipeline through Canada when I arrived in Alaska, 1983. Waiting for the requirement to finance with the Permanent Fund for a final investment decision. lol
Frank for years Alaska’s second largest export was fertilizer made from you guessed it natural gas. Then the gas supply became less abundant out of Cook Inlet and they mostly stopped it. Maybe we could start making fertilizers again as well as plastic products besides the gas used for energy. All I hear the nay sayers like yourself flapping about is Gas used for energy.
Great news!! Now let’s get to work and stop talking about it!!
Environmentalists are lining up to oppose all development in Alaska.
They’re driving to rallies in their electric cars and Subarus while sipping on their chai teas and using their iPhones to coordinate.
Yet, they don’t quite manage to see the irony 🤣
Have been a pipeline dozer since o7 let’s do one more
Let’s get it happening. I’m tired of the talk. Build the damn thing.