Glenfarne, TotalEnergies sign Alaska LNG offtake pact
TL;DR
Glenfarne has signed preliminary LNG offtake agreements with JERA and PTT for the Alaska LNG project, securing 15% of its export capacity. The project aims for final investment decisions in 2025-2026 and could reduce global CO₂ emissions by displacing coal in Asia.
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Glenfarne, TotalEnergies sign Alaska LNG offtake pact
Glenfarne Secures Key LNG Offtake Agreements with Jera and PTT for Alaska Project
Glenfarne Alaska LNG, LLC, the majority owner of the 20-million-tonnes-per-annum (MTPA) Alaska LNG project, has advanced its commercialization efforts with two significant agreements. The project, a joint venture between Glenfarne and the Alaska Gasline Development Corporation, has secured preliminary offtake commitments from JERA Co., Inc. of Japan and PTT Public Company Limited of Thailand, marking progress toward finalizing long-term supply contracts.
On September 10, 2025, Glenfarne and JERA, Japan's largest power generation company, signed a Letter of Intent (LOI) for the sale of 1 MTPA of liquefied natural gas (LNG) over a 20-year term on a Free-on-Board basis. Separately, on June 23, 2025, Glenfarne and PTT, Thailand's national oil and gas company, agreed to a Cooperation Agreement for 2 MTPA of LNG over a similar 20-year period. These agreements collectively account for 3 MTPA, or 15%, of the project's total export capacity, with Glenfarne reporting that over half of its third-party offtake capacity has been reserved.
The Alaska LNG project, the only federally authorized LNG export facility on the U.S. Pacific Coast, leverages strategic advantages including proximity to Asian markets, low-cost North Slope gas reserves, and fully permitted infrastructure. The project's phased development includes a domestic pipeline to meet Alaska's gas demand (Phase One) and an LNG export terminal in Nikiski (Phase Two). Glenfarne aims for a late-2025 Final Investment Decision (FID) for the pipeline and a 2026 FID for export components.
Environmental analyses indicate the project could reduce global CO₂ emissions by up to 77 million tonnes annually by displacing coal use in Asia and minimizing shipping distances. Glenfarne's broader North American LNG portfolio totals 32.8 MTPA under development, including projects in Texas and Louisiana.
With ongoing negotiations to convert LOIs into binding contracts, the Alaska LNG project continues to solidify its role in enhancing energy security for both the U.S. and Asia-Pacific markets.
