Glenfarne Named Lead Developer of Alaska LNG, Targets FID on 807-Mile Pipeline
(P&GJ) — Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has signed definitive agreements with the Alaska Gasline Development Corporation (AGDC) to become the majority owner and lead developer of the Alaska LNG project. The move marks a major step forward for the long-planned pipeline and export terminal, with a final investment decision expected in 2025.
Under the agreement, Glenfarne will acquire a 75% stake in 8 Star Alaska, an AGDC subsidiary that holds all Alaska LNG assets. AGDC will retain a 25% share and remain an active partner.
Alaska LNG is the only federally permitted LNG export project on the U.S. Pacific Coast. The project includes three components: an 807-mile, 42-inch pipeline; a 20 million tonnes per annum (MTPA) LNG export terminal in Nikiski; and a carbon capture facility on the North Slope capable of storing 7 million tons of CO₂ annually.
With Cook Inlet gas production in decline, phase one of the project will prioritize pipeline development to deliver North Slope natural gas to Alaska residents and utilities.
The State of Alaska will retain a 25% stake in 8 Star Alaska following a successful investment decision and will have the option to invest up to 25% in any of the subprojects.
“Today is a historic day for Alaska,” said Governor Mike Dunleavy. “Alaska has made a significant investment to develop Alaska LNG to the point where we can engage Glenfarne, a well-qualified industry leader, to bring this great project to the finish line.”
Brendan Duval, Glenfarne CEO and founder, said the project will help meet both local and global energy needs. “Alaska LNG will provide desperately needed energy security and natural gas cost savings for Alaskans and give Glenfarne unmatched flexibility to simultaneously serve LNG markets in both Asia and Europe through our three LNG projects.”
AGDC President Frank Richards praised his team’s long-term efforts: “Through persistence, hard work, and the determination that characterizes the Alaska spirit, Alaska LNG has successfully advanced through the design and permitting gauntlet to ignite global market momentum and attract a world-class developer.”
Glenfarne previously signed a letter of intent in June 2024 and an exclusive term sheet in December 2024 ahead of this binding agreement.
Glenfarne also owns Texas LNG and Magnolia LNG, with a combined LNG export capacity of 32.8 MTPA under development. The company operates 50 energy assets across five countries and is the largest LNG importer in Colombia.
The Author
Mary Holcomb is the Digital Editor & Operations Manager at Gulf Energy Information, overseeing the Pipeline & Gas Journal, World Oil, and Underground Infrastructure brands. With over 5 years of experience, she drives digital content strategy and operations for these industry-leading publications.
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