Glenfarne Alaska LNG LLC, a subsidiary of Glenfarne Group, and the majority owner and lead developer of the Alaska LNG project, announced today the successful completion of the first round of its Strategic Partner selection process. The initiative has garnered overwhelming interest, with over 50 companies from the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union formally expressing interest for more than $115 billion in contract value across various partnership facets.

This significant show of global support underscores the growing recognition of Alaska LNG's unique economic advantages and its fully permitted status. The project is positioned to deliver Liquefied Natural Gas (LNG) into Asian markets at a lower cost than comparable supplies from the U.S. Gulf Coast, a key differentiator in a competitive global energy landscape.

Launched in early May, the Strategic Partner Selection Process aims to forge long-term alliances with global companies eager to contribute to the Alaska LNG project. The expressed interest spans critical areas including equipment and material supply, essential services, direct investment, and crucial customer agreements for LNG offtake.

The Alaska LNG project is an ambitious undertaking, centered around an 807-mile, 42-inch pipeline designed to transport LNG from the North Slope. This pipeline will serve both Alaska's domestic energy needs and supply the full 20 million tonnes per annum (MTPA) Alaska LNG export facility in Nikiski.

To accelerate execution, the pipeline construction will proceed in two independent, financially viable phases. Phase One will focus on delivering LNG approximately 765 miles from the North Slope to the Anchorage region. Phase Two will involve adding compression equipment and approximately 42 miles of pipeline under the Cook Inlet to the Alaska LNG Export Facility, with construction of the export facility proceeding concurrently.

Brendan Duval, CEO and Founder of Glenfarne, emphasized the market's validation of the project. "The many expressions of interest received reinforce that the market recognizes Alaska LNG’s advantaged economics, fully permitted status, and powerful federal, state, and local support," Duval stated. He further highlighted the project's crucial role in addressing Southcentral Alaska's energy crisis, noting that the domestic portion of the pipeline is independently financially viable. "The reality is being understood that the energy crisis in Southcentral Alaska can only be solved, in the long term, by the domestic portion of the pipeline, which is independently financially viable. We look forward to selecting our strategic partners and driving the project forward together."

Glenfarne will make the Final Investment Decision (FID) on the domestic portion of the Alaska LNG pipeline in late Q4 2025. This timeline is further bolstered by a recently announced partnership with Worley, a global engineering firm, to complete the final engineering for the pipeline.