Glenfarne Alaska LNG Wraps Up First Round of Strategic Partner Selection Process

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group and a majority owner and lead developer of a joint venture with the State of Alaska’s Alaska Gasline Development Corporation, has successfully concluded the initial phase of its strategic partner selection process for a liquefied natural gas (LNG) export project in Alaska.

Since launching the strategic partner selection process in early May 2025 for collaboration on the Alaska LNG project, more than 50 companies from various countries such as the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union have expressed formal interest, totaling over $115 billion in contract value for partnerships including equipment and material supply, services, investment, and customer agreements.

The project’s economic viability positions Alaska LNG to deliver LNG to Asia at competitive prices lower than Henry Hub pricing from the U.S. Gulf Coast. Featuring an 807-mile 42-inch pipeline, the project can meet Alaska’s domestic gas needs while supplying the full 20 million tonnes per annum (mtpa) LNG export facility.

The pipeline will be constructed in two phases, with the first phase transporting natural gas approximately 765 miles from the North Slope to the Anchorage region. The second phase includes compression equipment and around 42 miles of pipeline under the Cook Inlet to the Alaska LNG export facility in Nikiski, which will be developed concurrently with the LNG export facility.

Brendan Duval, CEO and Founder of Glenfarne, expressed, “The numerous expressions of interest received underscore the market’s recognition of Alaska LNG’s favorable economics, fully permitted status, and robust federal, state, and local support.

“It is increasingly understood that the energy challenges in Southcentral Alaska necessitate a long-term solution provided by the domestic portion of the pipeline, which is independently financially viable. We eagerly anticipate selecting our strategic partners and advancing the project collaboratively.”

Anticipating a final investment decision on the domestic segment of the Alaska LNG pipeline in late Q4 2025, Glenfarne, which also owns Texas LNG, recently achieved full capacity bookings. The company has enlisted Worley to finalize engineering for the pipeline component of the Alaska LNG project.

Unlocking Additional Natural Gas Supplies: Kenai LNG Project

Additionally, Alaska is poised to revitalize the Kenai LNG project, aiming to repurpose existing assets to access additional natural gas resources as early as 2026. The project is projected to commence full operations by 2028.