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.
Glenfarne warns Senate tax bill could stall Alaska LNG pipeline
Glenfarne has warned Alaska’s proposed gasline tax package could still leave the $13.2–16.9 billion pipeline segment of the Alaska LNG project without a viable path to completion, undermining financing just as the project seeks to take FID.
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.
Glenfarne, ConocoPhillips advance Alaska LNG Phase 1 FID
Glenfarne Group has signed a preliminary 30-year gas supply pact with ConocoPhillips, securing sufficient volumes for Phase 1 financial close on the Alaska LNG project.
Glenfarne seals 20-year LNG supply deal with POSCO
Glenfarne has signed a definitive agreement to supply 1 mtpa of LNG to the South Korean trading house POSCO International over 20 years from its planned 20 mtpa Alaska LNG project, the only federally authorized LNG export project on the U.S. Pacific Coast.
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.
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.
PTT to offtake 2 mtpa from Glenfarne’s Alaska LNG project
Glenfarne, lead developer of Alaska LNG, has announced Thailand’s largest traded company PTT signed an agreement to offtake 2 mtpa of LNG from the terminal over a 20-year term. Shipments from Alaska to Asia are priced lower than Henry Hub-indexed cargoes from the U.S. Gulf Coast.
Glenfarne’s Texas LNG at Brownsville receives last regulatory clearances to open way for investment decision
Texas LNG, the liquefied natural gas export plant to be constructed by New York-based Glenfarne Group in the Port of Brownsville, has received its last regulatory clearances opening the way for a final investment decision.
