Glenfarne, Tokyo Gas sign LOI for Alaska LNG offtake
Glenfarne Alaska LNG LLC has signed a letter of intent (LOI) with Tokyo Gas Co. Ltd. for the offtake of 1 million tonnes/year (tpy) of LNG from the Alaska LNG project.
The 20-million tpy Alaska LNG project consists of a 42-in. OD pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic needs and produce 20 million tpy of LNG for export, Glenfarne said in a release Oct. 24.
Since March 2025, Glenfarne has signed preliminary offtake agreements with LNG buyers in Japan, Korea, Taiwan, and Thailand that include JERA, POSCO, CPC, and PTT, totaling 11 million tpy of capacity of the 16 million tpy Glenfarne expects to contract to reach a financial close for the project.
Worley is completing the final engineering and cost validation for the project’s 807-mile pipeline.
Phase one of the project includes the domestic pipeline to deliver natural gas about 765 miles from the North Slope to the Anchorage region.
Phase two would add the LNG terminal and related infrastructure to enable export capability.
The State of Alaska, through the Alaska Gasline Development Corp., owns 25% of Alaska LNG.