Glenfarne draws global interest in Alaska LNG project

Glenfarne Alaska LNG, LLC has completed the first round of its Strategic Partner Selection Process for the Alaska LNG project, attracting formal expressions of interest from more than 50 companies across the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union. The proposals represent over $115 billion in potential contract value spanning equipment supply, services, investment, and customer agreements.

Glenfarne is the majority owner and lead developer of the project, a joint venture with the State of Alaska’s Alaska Gasline Development Corporation (AGDC).

Targeting Asian markets 

According to Glenfarne, the project’s economic fundamentals allow it to deliver LNG into Asia at prices below those of Henry Hub-linked exports from the U.S. Gulf Coast. The Strategic Partner Selection Process, launched in early May, is designed to align the project with global companies seeking long-term participation.

“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.”

Two-phase pipeline development

The Alaska LNG project includes an 807-mile, 42-inch pipeline designed to transport natural gas from the North Slope to both domestic consumers and the planned 20 million tonnes per annum (MTPA) export facility in Nikiski.

The pipeline will be built in two phases. Phase One will span 765 miles, connecting the North Slope to the Anchorage region. Phase Two, to be constructed concurrently with the LNG export terminal, will add 42 miles of subsea pipeline under Cook Inlet and compression infrastructure needed for exports.

A final investment decision for the domestic pipeline segment is expected in late Q4 2025. Glenfarne recently partnered with Worley to complete final engineering work for the pipeline.

Portfolio includes U.S. Gulf Coast and South American assets

Glenfarne Group, LLC, parent company of Glenfarne Alaska LNG, is also the owner of Texas LNG, which recently announced that its export capacity is fully contracted and a final investment decision is expected later this year. Other assets include Magnolia LNG in Lake Charles, Louisiana, and the largest LNG import operation in Colombia.

Altogether, Glenfarne’s permitted LNG development portfolio totals 32.8 MTPA. The company also owns more than 50 operating energy infrastructure assets across five countries through its Global LNG Solutions, Grid Stability, and Renewables platforms.