Taiwan edges closer to 6 mtpa offtake from Alaska LNG
Taiwan’s state-owned CPC Corp is moving closer to buying 6 million metric tons a year of LNG from Alaska LNG, with deliveries targeted from 2032 at the earliest as the company is considering investing up to $4.4 billion in the Glenfarne-led project.
Alaskan LNG would be 65% cheaper than Gulf Coast LNG; Glenfarne
Glenfarne, lead developer of the Alaska LNG project, claims that liquefying Alaska’s North Slope gas and shipping it to Asia would be at least 65% cheaper than shipping LNG from the US Gulf Coast. Brushing aside criticism over the project’s high cost, Glenfarne told Reuters that the Alaska LNG project itself entails some $1.4 billion per mtpa in delivery costs.
Alaska LNG aims convert JERA, TotalEnergies LoIs into firm offtake
Glenfarne and Alaska Gasline Development Corp are working to transform Letters of Intent (LoI) from JERA and TotalEnergies of France into firm, financeable offtake contracts, a critical step toward a final investment decision (FID) on the long-mooted $54 billion Alaska LNG export venture.
Alaska LNG could become South Korea’s first U.S. investment
The Alaska LNG project has emerged as South Korea’s likely first U.S. investment under a $200 billion trade deal, with Seoul signalling a possible announcement in late August or early September.
Chugach eyes North Slope gas from Alaska LNG
US energy major Glenfarne has signed a letter of intent (LoI) with the Alaskan utility Chugach Electric Association to advance a gas supply deal tied to the $44 billion Alaska LNG development. Chugach wants to source North Slope gas via the Alaska gas pipeline, designated to meet Alaska’s domestic needs and supply feedgas to produce 20 mtpa of LNG for export.
White House supports Alaska LNG tax reform
The White House is supporting the Alaska LNG tax reform, with a volumetric tax on feedgas flows meant to reduce early-stage fiscal burdens for the long-delayed $44 billion LNG export project. Financial close on Phase 1 is envisaged later this year.
Alaska LNG hands equipment contract to Baker Hughes
US developer Glenfarne has selected Baker Hughes to supply refrigerant compressors for the Alaska LNG terminal and power generation equipment for the North Slope gas treatment plant. Baker Hughes also pledged a “strategic investment” in the project.
Tokyo Gas intends to offtake 1 mtpa LNG from Alaska
Tokyo Gas has signed a Letter of Intent (LoI) to offtake of 1 tonne per annum (mtpa) from the Alaska LNG project, majority owned and developed by Glenfarne. The deal brings the 20 mtpa LNG project in Nikiski, Kenai Peninsula, closer to financial close.
Engineering study on Alaska pipeline to be completed this year
Proponent of LNG exports from Alaska expect to finish the key engineering and cost assessment for an 800-mile gas pipeline stretching from the North Slope to the Gulf of Alaska by the end of this year, according to US Interior Dough Burgum. The pipeline is critical for securing feedgas for Alaska’s $44 billion LNG export terminal.
JERA signs LoI to offtake 1 mtpa of LNG from Alaska
Japan’s largest utility JERA today signed a Letter of Intent (LoI) to buy 1 mtpa of liquefied natural gas from the Alaska LNG project over a 20-year term on a Free-on-Board basis. JERA is on a buying spree, and CEO Yukio Kani seeks to procure some 5.5 mtpa through long-term contracts to meet future demand and avoid future spot purchases.
