April 2, 2025

Glenfarne Alaska LNG

Glenfarne Alaska LNG, an affiliate of Glenfarne Group and the Alaska Gasline Development Corporation (AGDC) have signed definitive agreements for Glenfarne to become majority owner of Alaska LNG, the sole federally permitted LNG export project on the U.S. Pacific Coast, and lead its development to construction and operations of the entire project. Alaska LNG is designed to deliver North Slope natural gas to Alaskans and Alaska utilities and export up to 20 million tons of LNG per year. Under the agreement, AGDC is divesting 75% of 8 Star Alaska, a subsidiary AGDC created to hold and manage all Alaska LNG project assets, to Glenfarne. Glenfarne assumes the role of Alaska LNG's lead developer and will lead all remaining development work of Alaska LNG from front-end engineering and design through to a final investment decision. AGDC remains a 25% owner of 8 Star Alaska and a key partner to Glenfarne on the project. Following a successful final investment decision, the state of Alaska will retain a 25% share in 8 Star Alaska and have the option to invest up to 25% in any or all of the three 8 Star Alaska subprojects. Glenfarne Group is a privately held developer, owner and operator of energy infrastructure assets based in New York and Houston. AGDC is an independent, public corporation of the state of Alaska charged with maximizing the benefit of Alaska's North Slope natural gas though the development of infrastructure to deliver gas to local and international markets.