Alaska LNG project secures investment and tonnage partnership

Glenfarne Group LLC subsidiary Glenfarne Alaska LNG LLC, majority owner and developer of the Alaska LNG Project, and Danaos Corp., an independent owner of containerships, have partnered to advance Alaska LNG.

Danaos will make a $50 million development capital equity investment in Glenfarne Alaska Partners LLC while it will also be the preferred tonnage provider to construct and operate at least six LNG carriers to deliver LNG to global customers for Glenfarne Alaska LNG.

Glenfarne is developing Alaska LNG in two financially independent phases. Phase 1 consists of a 739-mile, 42-in. OD pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic energy needs. Phase 2 will add the LNG liquefaction plant and related infrastructure to export 20 million tonnes/year (tpy) of LNG.

Glenfarne became lead developer of Alaska LNG in March 2025 and has since secured preliminary commercial commitments from LNG buyers in Japan, Korea, Taiwan, and Thailand for 11 million tpy of LNG, and partnerships that include Baker Hughes and POSCO International.

Glenfarne owns 75% of Alaska LNG and the Alaska Gasline Development Corp. owns 25%.