Sep 11, 2025 (MarketLine via COMTEX) --
The 20mtpa Alaska LNG project is the sole LNG export initiative approved by federal authorities on the US Pacific Coast.
Japanese energy company JERA has signed a letter of intent (LoI) with Alaska LNG, majority owned and developed by Glenfarne Alaska LNG, for the sale of one million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the Alaska LNG Project.
This agreement will span a period of 20 years and is structured on a free-on-board basis.
The Alaska LNG project has a capacity of 20mtpa and is the sole LNG export initiative approved by federal authorities on the US Pacific Coast. It is a collaborative effort between Glenfarne and the Alaska Gasline Development Corporation.
The agreement between JERA and Glenfarne will facilitate the exchange of information and collaboration, as JERA evaluates the project's timelines and economics.
JERA chief low carbon fuel officer Ryosuke Tsugaru said: aEURoeWe value the Alaska LNG Project for its prospects to provide reliable, stable and competitive LNG supply.
aEURoeThis LoI provides a platform for continued dialogue with Glenfarne, and as more details become available, we look forward to deepening our understanding of the project.aEUR
The Alaska LNG project presents distinct benefits due to its plentiful gas reserves, which are currently untapped, and its closeness to expanding LNG markets in Asia, potentially enhancing regional LNG supply security.
After acquiring a 75% stake and becoming the lead developer for the project in March 2025, Glenfarne has established initial commercial agreements for more than 50% of the project's available third-party LNG offtake capacity.
This includes partnerships with CPC in Taiwan and PTT in Thailand.
Glenfarne is implementing a staged development approach to progress the Alaska LNG project.
The initial construction phase is centred on the domestic pipeline, aimed at swiftly transporting North Slope gas to residents of Alaska while mitigating overall project risks.
The second phase will introduce the LNG export terminal along with the necessary infrastructure.
Glenfarne is aiming for a final investment decision (FID) on the Alaska LNG pipeline by late 2025, with the FID for the LNG export components expected in 2026.
Glenfarne CEO and founder Brendan Duval said: aEURoeOur agreement with JERA, one of the leading LNG companies in the world, follows months of committed discussions on both sides to open a new and diversified energy supply that strengthens energy security and spurs long-term economic growth for both Alaska and Japan.aEUR
JERAaEUR(TM)s agreement with Glenfarne follows the companyaEUR(TM)s plans announced in June to secure around 5.5mtpa of LNG from the US Gulf Coast.
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