The partnership significantly boosts the momentum of the two-phased project, which aims to provide domestic energy to Alaska and export 20 million tonnes per annum (MTPA) of LNG to global markets.
The ambitious Alaska LNG Project received a major shot in the arm today with the announcement of an alliance between project developer Glenfarne Alaska LNG, LLC and energy technology leader Baker Hughes. The definitive agreements cement Baker Hughes as a key equipment supplier and strategic investor for the liquefied natural gas (LNG) mega-project.
Under the terms of the agreement, Baker Hughes, an energy technology company, has been selected to supply the main refrigerant compressors for the LNG terminal and power generation equipment for the North Slope gas treatment plant. Crucially, the company has also committed to a strategic investment to support the project's advancement.
The partnership was hailed by leadership from both companies and the U.S. government as a significant step toward achieving national and state energy objectives.
"Baker Hughes is a welcome partner for Alaska LNG because of their leadership in LNG compression technology," said Brendan Duval, CEO and founder of Glenfarne. He added that Baker Hughes's participation "reflects Alaska LNG’s momentum and its ability to attract global partners."
Lorenzo Simonelli, chairman & CEO of Baker Hughes, underscored the strategic importance of the collaboration. "Natural gas and LNG provide secure, affordable, and reliable energy, and we look forward to continuing our collaboration with Glenfarne to bring lower-carbon natural gas from Alaska to the global market," he stated.
Glenfarne, which became the lead developer in March, is progressing the Alaska LNG project in two financially independent phases:
1. Phase One: Focuses on an 807-mile, 42-inch pipeline to transport natural gas from Alaska’s North Slope to meet the state's domestic energy needs. A final investment decision (FID) on this phase is anticipated after Worley completes its final engineering and cost analysis in December.
2. Phase Two: Will introduce the massive LNG terminal and related infrastructure, enabling an export capability of 20 MTPA. FID for this export-focused phase is currently expected in late 2026.
The project is already garnering significant international interest. Glenfarne has secured preliminary commercial commitments for 11 MTPA of LNG, over 60% of the volume needed for FID, from leading buyers in key Asian markets including Japan, Korea, Taiwan, and Thailand. This includes recent agreements with Tokyo Gas, JERA Co. Inc., and POSCO International Corporation.
