Glenfarne Alaska LNG, a subsidiary of the US’ Glenfarne Group, and the Alaska Gasline Development Corporation (AGDC) have signed definitive agreements for Glenfarne to become majority owner of the Alaska LNG project, the sole federally permitted LNG export project on the US Pacific Coast. Alaska LNG is designed to deliver North Slope natural gas to Alaskan households and utilities and export up to 20 Mt/year of LNG.
Under the agreement, AGDC is divesting 75% of 8 Star Alaska, a subsidiary AGDC created to hold and manage all Alaska LNG project assets, to Glenfarne. Glenfarne will assume the role of lead developer and will lead all remaining development work of Alaska LNG from front-end engineering and design (FEED) through to a final investment decision (FID). AGDC remains 25% owner of 8 Star Alaska.
Alaska LNG’s three subprojects are a 1,299 km pipeline, the 20 Mt/year LNG export terminal in Nikiski, and a North Slope-based CCS plant to remove and store 7 MtCO2/year.
In 2024, the US had seven LNG liquefaction export terminals with a combined capacity of 119 bcm/year (88 Mt/year).
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