The US-based energy infrastructure group Glenfarne and Japan’s Tokyo Gas have announced the signing of a Letter of Intent (LOI) for the offtake of 1 Mt/year of LNG from the Alaska LNG project, which is majority owned and developed by Glenfarne in Alaska (United States).
The Alaska LNG project is a proposed 20 Mt/year gas liquefaction project, also including a gas transport pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic needs and to export. Glenfarne is developing the project in two phases:
- Phase One includes the domestic pipeline, which will deliver natural gas approximately 765 miles (1,230 km) from the North Slope to the Anchorage region.
- Phase Two will add the LNG terminal and related infrastructure to enable export capability.
- Glenfarne owns 75% of Alaska LNG, while the US state of Alaska holds the remaining 25%.
“Glenfarne has signed preliminary offtake agreements with leading LNG buyers in Japan, Korea, Taiwan, and Thailand, including JERA, POSCO, CPC, and PTT, totaling 11 Mt/year of capacity out of the 16 Mt/year Glenfarne expects to contract to reach financial close for the project” (Glenfarne press release, 24/10/2025).