Latest news with #GlenfarneGroup
E&E News
21 hours ago
- Business
- E&E News
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. Advertisement 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.
Yahoo
3 days ago
- Business
- Yahoo
Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG
Alaska LNG can deliver LNG into Asia at a lower cost than Henry Hub pricing from the U.S. Gulf Coast ANCHORAGE, Alaska & NEW YORK, June 03, 2025--(BUSINESS WIRE)--Glenfarne Alaska LNG, LLC ("Glenfarne"), a subsidiary of Glenfarne Group, LLC and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska's Alaska Gasline Development Corporation, announces that it has completed the first round of its Strategic Partner selection process, with over 50 companies participating from the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union. These potential partners have formally expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements. Alaska LNG's economic fundamentals allow it to deliver LNG into Asia at prices that are lower than Henry Hub pricing from the U.S. Gulf Coast. Glenfarne launched its Strategic Partner Selection Process in early May to partner with global companies with a desire for a long-term partnership with the Alaska LNG project. "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," said Brendan Duval, CEO and Founder of Glenfarne. "The reality is being understood that the energy crisis in Southcentral Alaska can only be solved, in the long term, by the domestic portion of the pipeline, which is independently financially viable. We look forward to selecting our strategic partners and driving the project forward together." The Alaska LNG project consists of an 807-mile 42-inch pipeline capable of transporting enough natural gas to meet both Alaska's domestic needs and supply the full 20 million tonnes per annum ("MTPA") Alaska LNG export facility. Further accelerating the project's execution, the pipeline will be built in two independent, financially viable phases. Phase One will deliver natural gas approximately 765 miles from the North Slope to the Anchorage region. Phase Two adds compression equipment and approximately 42 miles of pipeline under the Cook Inlet to the Alaska LNG Export Facility in Nikiski, which will be constructed concurrently with the LNG export facility. Glenfarne anticipates a final investment decision on the domestic portion of the Alaska LNG pipeline in late Q4 2025 and recently announced a partnership with Worley to complete the final engineering for the pipeline portion of the project. Glenfarne Group, LLC is the owner of Texas LNG, which recently announced that its capacity is fully sold out, and a final investment decision is expected later this year. Glenfarne Group, LLC's other affiliates include the largest importer of LNG into Colombia and Magnolia LNG, a late-stage LNG export project located in Lake Charles, Louisiana. Beyond LNG, Glenfarne Group, LLC owns over 50 operating assets in the energy sector across five countries. Together with Alaska LNG, its permitted LNG portfolio totals 32.8 MTPA of capacity under development. About Glenfarne Group, LLC Glenfarne Group is a privately held developer, owner, and operator of energy infrastructure assets based in New York, New York and Houston, Texas, with offices in Anchorage, Alaska; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Through its subsidiaries, Glenfarne owns and operates over 50 energy infrastructure assets through three core businesses: Global LNG Solutions, Grid Stability, and Renewables. The company's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America. For more information, please visit View source version on Contacts Glenfarne – Micah Hirschfield, news@
Yahoo
3 days ago
- Business
- Yahoo
Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG
Alaska LNG can deliver LNG into Asia at a lower cost than Henry Hub pricing from the U.S. Gulf Coast ANCHORAGE, Alaska & NEW YORK, June 03, 2025--(BUSINESS WIRE)--Glenfarne Alaska LNG, LLC ("Glenfarne"), a subsidiary of Glenfarne Group, LLC and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska's Alaska Gasline Development Corporation, announces that it has completed the first round of its Strategic Partner selection process, with over 50 companies participating from the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union. These potential partners have formally expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements. Alaska LNG's economic fundamentals allow it to deliver LNG into Asia at prices that are lower than Henry Hub pricing from the U.S. Gulf Coast. Glenfarne launched its Strategic Partner Selection Process in early May to partner with global companies with a desire for a long-term partnership with the Alaska LNG project. "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," said Brendan Duval, CEO and Founder of Glenfarne. "The reality is being understood that the energy crisis in Southcentral Alaska can only be solved, in the long term, by the domestic portion of the pipeline, which is independently financially viable. We look forward to selecting our strategic partners and driving the project forward together." The Alaska LNG project consists of an 807-mile 42-inch pipeline capable of transporting enough natural gas to meet both Alaska's domestic needs and supply the full 20 million tonnes per annum ("MTPA") Alaska LNG export facility. Further accelerating the project's execution, the pipeline will be built in two independent, financially viable phases. Phase One will deliver natural gas approximately 765 miles from the North Slope to the Anchorage region. Phase Two adds compression equipment and approximately 42 miles of pipeline under the Cook Inlet to the Alaska LNG Export Facility in Nikiski, which will be constructed concurrently with the LNG export facility. Glenfarne anticipates a final investment decision on the domestic portion of the Alaska LNG pipeline in late Q4 2025 and recently announced a partnership with Worley to complete the final engineering for the pipeline portion of the project. Glenfarne Group, LLC is the owner of Texas LNG, which recently announced that its capacity is fully sold out, and a final investment decision is expected later this year. Glenfarne Group, LLC's other affiliates include the largest importer of LNG into Colombia and Magnolia LNG, a late-stage LNG export project located in Lake Charles, Louisiana. Beyond LNG, Glenfarne Group, LLC owns over 50 operating assets in the energy sector across five countries. Together with Alaska LNG, its permitted LNG portfolio totals 32.8 MTPA of capacity under development. About Glenfarne Group, LLC Glenfarne Group is a privately held developer, owner, and operator of energy infrastructure assets based in New York, New York and Houston, Texas, with offices in Anchorage, Alaska; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Through its subsidiaries, Glenfarne owns and operates over 50 energy infrastructure assets through three core businesses: Global LNG Solutions, Grid Stability, and Renewables. The company's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America. For more information, please visit View source version on Contacts Glenfarne – Micah Hirschfield, news@
E&E News
4 days ago
- Business
- E&E News
Trump's energy team heads to Alaska amid gas pipeline push
Sustainable energy may be getting top billing at a conference in Alaska this week, but much of the focus will be on a sprawling pipeline and natural gas export project. Alaska Gov. Mike Dunleavy (R) is scheduled to sit down at the confab with CEO Brendan Duval of the Glenfarne Group, the lead developer of the Alaska LNG project. Glenfarne assumed the role of top developer earlier this year, roughly five years after federal agencies approved the project and its planned exports. Three high-profile members of President Donald Trump's National Energy Dominance Council are also making the trek to Alaska — Interior Secretary Doug Burgum, Energy Secretary Chris Wright and EPA Administrator Lee Zeldin. And although a news release from Dunleavy's office didn't directly mention the Alaska LNG project, Burgum and Wright said Trump is taking a different approach than former President Joe Biden on the issue of Alaskan resources. Advertisement 'While the last administration tried to shut down Alaska at nearly every turn, President Trump understands that unleashing Alaska's energy potential is critical to restoring American energy dominance,' Wright said in the May 12 announcement released by Dunleavy's office.
Japan Times
31-03-2025
- Business
- Japan Times
Alaska governor to brief Trump on Asia gas push as tariffs bite
Alaska's governor will brief U.S. President Donald Trump's administration next week on progress in securing Asian backing for a $44 billion natural gas export project, he said, part of Washington's broader push on trade and tariffs. Trump wants Japan, South Korea and Taiwan to join the project and Gov. Mike Dunleavy is winding up a trip through Asia where he has been seeking investors and long-term buyers. He is traveling with the heads of the state-run Alaska Gasline Development Corporation (AGDC) and development partner Glenfarne Group and has held talks in Taiwan, Thailand, South Korea and Japan. "Buying gas and then investing in America helps with the discussions that are happening at the federal level and at the national level," Dunleavy said in an interview in Tokyo. "I would like to talk with the president, but at least I'll be talking with some of the secretaries that are intimately focused on this project," he said. The delegation's visit coincides with renewed trade pressure from Washington. On Wednesday, Trump announced a 25% tariff on imported cars and light trucks starting April 3 — a threat to the auto sectors of Japan and South Korea. Dunleavy said he had not secured investment or purchase commitments in Japan or South Korea but would return home with a letter of intent from Taiwan to buy 6 million metric tons of liquefied natural gas (LNG) annually following two meetings with President Lai Ching-te. The project's target production capacity is 20 million tons per annum. "The desire to be linked to the United States for geopolitical purposes is strongest out of Taiwan by far," Brendan Duval, founder and CEO of Glenfarne, said. Alaska plans to transport natural gas from the state's remote north along a proposed $44 billion, 1,300 km pipeline to the south, where it will be liquefied and shipped to East Asia beginning in 2030. Construction for the LNG pipeline would begin in 2026 with gas flowing in 2028, and the conditioning plant and export facility completed in 2030, the governor's office said in an emailed statement earlier this month. Trump, who has pushed allies to buy U.S. energy while simultaneously threatening trade tariffs, asked Prime Minister Shigeru Ishiba in February to support the Alaskan plan. In a recent address to Congress, he said Japan and South Korea wanted to partner in a project he claims could inject trillions of dollars into the U.S. economy. Japanese energy companies, including Inpex, the country's largest oil and gas explorer, say they remain unconvinced about the project's viability. In Tokyo, the Alaskan delegation also met with Japan's Minister of Economy, Trade and Industry, Yoji Muto. Earlier in Seoul, they held talks with South Korean Trade Minister Ahn Duk-geun. Detailed project plans, including the front-end engineering design, are expected to be completed in the third quarter, with a final investment decision for the pipeline part of the project likely by the end of the year. That would pave the way for Asian buyers to commit to a project that, according to Glenfarne's Duval, will be able to deliver gas at a competitive price. U.S. investors will provide most of the financing for the pipeline, while any equity from Japan or other Asian buyers will likely be tied to offtake from the liquefaction plant that will prepare the gas for export, Duval said. "Some leadership out of Japan clearly is going to be helpful," he said.
