Alaska LNG will deliver North Slope gas locally and export up to 20 million tons of LNG per year.
The Alaska LNG project—currently the only federally permitted liquefied natural gas export facility on the U.S. Pacific Coast—has reached a major milestone with Glenfarne Group stepping in as the new lead developer.
Glenfarne Alaska LNG has signed a definitive agreement with the Alaska Gasline Development Corporation (AGDC), transferring 75% ownership of 8 Star Alaska, AGDC’s LNG project subsidiary, to Glenfarne. With this move, Glenfarne will lead the project through final development, front-end engineering and design (FEED), and a final investment decision (FID).
AGDC will retain a 25% stake in 8 Star Alaska and maintain the option to invest up to 25% in each of the three subprojects after FID.
A $44 Billion Energy Infrastructure Milestone
The Alaska LNG project represents a $44 billion investment, with commercial operations expected to begin by 2031, followed by LNG exports shortly after. It positions Alaska as a strategic U.S. energy hub for Asia-Pacific and European markets
A Key Project for Energy Security and Global Exports
Designed to unlock natural gas from Alaska’s North Slope, the project aims to meet both in-state demand and serve global LNG markets. Once operational, Alaska LNG will export up to 20 million metric tons (MTPA) of LNG annually, supplying affordable gas to Alaskan communities and utilities while reaching buyers in Asia and Europe.
The integrated project includes three major components:
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An 807-mile, 42-inch pipeline from the North Slope to south-central Alaska
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A 20 MTPA liquefaction and export terminal in Nikiski, Alaska
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A carbon capture facility on the North Slope, capable of removing and storing up to 7 million metric tons of CO₂ per year
The U.S. Department of the Interior granted right-of-way permits for the pipeline in August 2020, clearing a key regulatory hurdle.
Phase One: Infrastructure Development
The first phase will focus on developing the pipeline infrastructure, especially as gas production from the Cook Inlet continues to decline. This prioritization ensures secure delivery of natural gas within Alaska before the project moves on to constructing the export terminal and carbon capture unit.
Long-Term Vision and Strategic Global Positioning
“This project will provide much-needed energy security and cost savings for Alaskans,” said Brendan Duval, CEO and Founder of Glenfarne Group. “And it gives us unmatched flexibility to serve LNG markets in Asia and Europe through our three LNG projects.”
Duval emphasized Glenfarne’s commitment to building a local Alaska-based team and partnering with communities, noting that Glenfarne’s financial, project management, and commercial expertise aligns well with the needs of a project of this scale.
AGDC President Frank Richards added, “Through persistence, hard work, and the determination that characterizes the Alaska spirit, Alaska LNG has successfully advanced through the design and permitting gauntlet to ignite global market momentum and attract a world-class developer. Alaska LNG will ensure a brighter future for generations of Alaskans.”
