Glenfarne Group has announced a 30-year precedent agreement for gas sales with ConocoPhillips Alaska to procure natural gas from Alaska’s North Slope for phase one of the Alaska LNG project.
The agreement, signed via its subsidiary Glenfarne Alaska LNG, ensures Alaska LNG has secured the necessary gas volumes for a final investment decision on phase one.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The Alaska LNG project features an 807-mile, 42in pipeline designed to transport natural gas from the North Slope to fulfil domestic needs. The project aims to produce 20 million tonnes per annum of liquefied natural gas (LNG) for export.
ConocoPhillips Alaska president Erec Isaacson said: “ConocoPhillips shares Glenfarne’s commitment to developing Alaska’s resources for the long-term benefit of Alaskans.
“Our participation in Alaska LNG supports reliable access to responsibly produced North Slope natural gas while complementing our ongoing investment in Alaska.”
Glenfarne is developing the project in two financially separate phases to speed up execution.
The first phase includes a 739-mile, 42in pipeline to deliver natural gas to Alaska consumers, addressing potential shortages due to reduced Cook Inlet production.
The second phase includes constructing the LNG liquefaction facility and related infrastructure in Nikiski.
Glenfarne Alaska LNG president Adam Prestidge said: “All major North Slope producers have now committed enough natural gas to support a phase one final investment decision.
“Today’s milestone agreement establishes the commercial terms for ConocoPhillips to supply gas and help phase one of Alaska LNG provide energy security for Alaska.”
Glenfarne holds a 75% ownership in Alaska LNG, with the remaining 25% owned by the State of Alaska through the Alaska Gasline Development Corporation (AGDC).
Alaska LNG currently has precedent agreements for gas sales with North Slope producers including ConocoPhillips, ExxonMobil and Hilcorp Alaska, along with Great Bear Pantheon, a subsidiary of Pantheon Resources.
In March 2025, Glenfarne assumed the role of lead developer for the Alaska LNG project by entering into a definitive agreement with AGDC.
