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Alaska LNG, majority owned and developed by Glenfarne, has signed a Letter of Intent (LOI) with JERA, Japan’s largest energy technology firm, for the long-term provide of 1 million tonnes every year (MMtpa) of liquefied pure fuel (LNG) from the Alaska LNG Mission.
Imge: U.S. Dept of Power
The 20-year offtake settlement, on a Free-on-Board foundation, strengthens Japan’s LNG provide safety whereas advancing the one federally licensed LNG export venture on the U.S. Pacific Coast.
JERA strengthens LNG provide safety with Alaska LNG
The 20-MTPA Alaska LNG venture is a three way partnership between Glenfarne and the Alaska Gasline Growth Company (AGDC). Since buying a 75% possession stake in March 2025, Glenfarne has accelerated business progress, securing preliminary agreements protecting greater than half of Alaska LNG’s third-party offtake capability. This contains agreements with CPC in Taiwan and PTT in Thailand, with negotiations underway to advance them into binding contracts.
With JERA now onboard, Glenfarne is in discussions with extra potential consumers for LNG volumes exceeding the venture’s whole capability, highlighting sturdy demand for U.S. LNG within the Asia-Pacific market.
Glenfarne: Momentum throughout Asia-Pacific LNG markets
Brendan Duval, Chief Govt Officer and Founding father of Glenfarne, mentioned:
“Our settlement with JERA, one of many main LNG corporations on this planet, follows months of dedicated discussions on either side to open a brand new and diversified power provide that strengthens power safety and spurs long-term financial development for each Alaska and Japan. I’m grateful for our partnership and collaboration as Glenfarne builds on this momentum with business events throughout the Pacific area.”
Adam Prestidge, president of Glenfarne Alaska LNG, LLC, added:
“We welcome this LOI with JERA as we add to the lengthy and storied LNG historical past between Japan and Alaska. Alaska LNG’s financial and strategic aggressive benefits, together with the shortest U.S. delivery proximity to Asia and ample, low-volatility North Slope fuel reserves, are propelling our business progress.”
U.S. management and power safety
U.S. Secretary of Power Chris Wright welcomed the announcement:
“At the moment’s settlement by JERA and Glenfarne is one other essential step ahead for the Alaska LNG venture. Alaska LNG is not going to solely be one of many biggest power infrastructure initiatives in our nation’s historical past, but in addition gives monumental power safety to the USA and our allies.”
One of many lowest-carbon LNG initiatives globally
Alaska LNG is designed to be among the many lowest-carbon LNG initiatives worldwide. A Division of Power evaluation discovered it might minimize world CO₂ emissions by as much as 77 million tonnes per yr by displacing coal use in Asia and decreasing delivery emissions because of Alaska’s proximity to Asian markets.
Phased growth technique targets 2025–2026 FIDs
Glenfarne is advancing Alaska LNG below a phased growth technique:
Part One will construct a home pipeline to ship North Slope fuel to Alaskans, decreasing threat and strengthening native power safety.
Part Two will add the LNG export terminal and supporting infrastructure.
With favorable delivery economics, Alaska LNG can export LNG to Asia at materially decrease delivered prices in comparison with U.S. Gulf Coast initiatives. Glenfarne is concentrating on a late-2025 Remaining Funding Choice (FID) for the pipeline and a 2026 FID for LNG export services.
Glenfarne’s North American LNG portfolio
Along with Alaska LNG, Glenfarne is creating LNG export capability in Texas and Louisiana, bringing its whole permitted North American LNG portfolio to 32.8 MMtpa.
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