Alaska LNG Project – Phase One Progress Highlights

  • Project moves into early execution: Glenfarne has advanced Phase One of Alaska LNG from development into early execution, focused on delivering affordable, reliable natural gas.
  • Clear execution plan and timeline: Phase One includes a 739-mile, 42-inch pipeline (plus potential Point Thomson Lateral), built in four simultaneous spreads. Targeting mechanical completion in 2028 and first gas in 2029.
  • EPCM partner identified: Worley has been provisionally selected to provide Engineering, Procurement, and Construction Management (EPCM) services for Phase One, following completion of engineering work to support a final investment decision.
  • Major pipeline construction contractors conditionally awarded: Following a competitive bid process, Glenfarne conditionally awarded construction roles to a world-class group of contractors with deep Alaska and megaproject experience, including:
    • MasTec / Precision Pipeline
    • Quanta Services / Price Gregory
    • Michels Pipeline & ASRC Energy Services (Houston Contracting)
    • Associated Pipeline Contractors, Doyon Energy Services & Cruz Construction
    • Barnard Pipeline & SICIM
    • Spiecapag (VINCI) & U.S. Pipeline
  • Line pipe supply secured: Preliminary agreements executed for approximately two-thirds of required line pipe, with suppliers including Corinth Pipeworks, Europipe, and previously announced POSCO International. Pipe production is expected to begin shortly, with deliveries to Alaska later this year.
  • Gas supply agreements advancing: Gas Sales Precedent Agreements executed with ExxonMobil and Hilcorp, building on prior agreements with Pantheon Resources, and continued engagement with ConocoPhillips.
  • In-state demand anchored:
    • Non-binding LOI signed with ENSTAR for a 30-year natural gas supply.
    • LOI with Donlin Gold Mine for up to 50 MMcfd and related pipeline and power infrastructure.
  • Strong commercial momentum: Since becoming lead developer in March 2025, Glenfarne has secured preliminary LNG buyer commitments totaling 11 MTPA and strategic partnerships with Baker Hughes, Danaos, and POSCO International.