Alaska LNG project developer touts $115B of global interest
A major natural gas project in Alaska has attracted more than $115 billion of interest from companies around the world, its lead developer said this week — but no specific deals were announced.
Glenfarne Group, the majority owner of the planned Alaska LNG project, said the potential contract value covers everything from investments and customer agreements to services and equipment and materials. More than 50 companies that 'formally' voiced interest were from Japan, Taiwan, Thailand, Korea, India, the U.S. and the European Union, according to Glenfarne.
'The many expressions of interest received reinforce that the market recognizes Alaska LNG's advantaged economics, fully permitted status, and powerful federal, state, and local support,' Glenfarne CEO Brendan Duval said in a news release.
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Glenfarne took primary control of developing the Alaska LNG project earlier this year, a move intended to jump-start a project that has yet to start construction despite years of effort. The proposal — pegged most recently at $44 billion — includes an 807-mile, 42-inch diameter pipeline that would connect the northernmost part of Alaska with the south-central part of the state as well as a planned liquefaction facility.
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