TotalEnergies has signed a preliminary agreement (Letter of Intent) with Glenfarne, the lead developer of the Alaska LNG project in the United States, for the long-term offtake of 2 Mt/year of LNG over 20 years, subject to the project's final investment decision (FID) (TotalEnergies press release, 26/02/2026).
- The future Alaska LNG project, located on the US Pacific coast, plans a total capacity of 20 Mt/year, with direct access to Asia.
- The project comprises three sub-projects: a 1,298 km pipeline, a 20 Mt/year LNG export terminal in Nikiski, and a carbon capture facility on the North Slope expected to remove 7 Mt/year of CO₂.
- Glenfarne is executing the project in two phases: the first phase focuses on constructing a pipeline to supply domestic energy needs (expected in 2028-2029), while the second phase will establish the LNG liquefaction terminal and related infrastructure to export LNG.
Glenfarne owns 75% of Alaska LNG and the State of Alaska, through the Alaska Gasline Development Corporation, owns 25%. The company intends to contract 80%, or 16 Mt/year, of Alaska LNG's 20 Mt/year volume to finance the project and now has 13 Mt/year accounted for under preliminary long-term agreements with TotalEnergies, JERA, Tokyo Gas, CPC, PTT, and POSCO.