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Glenfarne Alaska LNG LLC and Tokyo Gasoline Co. Ltd. have signed a Letter of Intent (LOI) for the offtake of 1 MMtpa of liquefied pure fuel from the Alaska LNG mission, marking the fifth industrial settlement signed in simply seven months. The deal represents one other main step towards securing financing and advancing the 20-MMtpa mission, which is the one federally approved LNG export terminal on the U.S. Pacific Coast.
Tokyo Gasoline, one in every of Japan’s largest power utilities and a worldwide chief in LNG procurement, joins a rising listing of Asian patrons—together with JERA, POSCO, CPC, and PTT—which have signed preliminary offtake agreements with Glenfarne because it grew to become lead developer in March 2025. Collectively, the agreements now whole 11 MMtpa of the 16 MMtpa Glenfarne expects to contract earlier than reaching monetary shut.
“This settlement validates the power of Alaska LNG’s industrial providing and the significance of Alaska LNG as a strategically positioned provider of reasonably priced, clear LNG for U.S. Pacific allies,” mentioned Brendan Duval, Glenfarne’s chief government officer and founder. “Tokyo Gasoline pioneered the LNG business with their settlement to buy LNG from Alaska fifty-five years in the past and is among the most revered voices within the business. We welcome their participation in Alaska LNG.”
Engineering and value validation for the Alaska LNG mission’s 807-mile, 42-inch diameter pure fuel pipeline are being finalized by Worley, offering the muse for each Alaska’s home fuel provide and LNG exports. The State of Alaska, via the Alaska Gasline Improvement Company, holds a 25% possession stake within the mission.
Glenfarne is creating Alaska LNG in two phases. Section One contains the home pipeline delivering fuel from the North Slope to the Anchorage area, whereas Section Two will add the LNG export terminal and supporting infrastructure. The mission is predicted to ship vital long-term financial advantages, strengthen U.S. power safety, and supply a dependable LNG provide to America’s Pacific allies.
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