Glenfarne Secures Long-Term Gas Supply Agreement with ConocoPhillips for Alaska LNG Phase One

Glenfarne Group has finalized a pivotal 30-year precedent agreement with ConocoPhillips Alaska to secure natural gas supplies from the North Slope, crucial for advancing the first phase of the Alaska LNG project. This accord solidifies the commercial foundation needed for making a final investment decision on phase one.

The Alaska LNG initiative plans an 807-mile, 42-inch pipeline designed to transport North Slope natural gas to meet domestic demand across Alaska. Phase one will focus on delivering gas directly to Alaskan consumers to offset anticipated shortages caused by declining production in the Cook Inlet region. The full project targets producing 20 million tonnes per year of liquefied natural gas (LNG) for export markets.

To expedite development, Glenfarne has split the project into two financially distinct phases. Phase one centers on constructing a 739-mile pipeline to ensure energy security for residents and businesses in Alaska, while phase two will involve building an LNG liquefaction facility and supporting infrastructure in Nikiski.

Glenfarne, which owns a majority 75% stake in Alaska LNG, has coordinated precedent gas sales agreements with all major North Slope producers. Besides ConocoPhillips, these include ExxonMobil, Hilcorp Alaska, and Great Bear Pantheon, a Pantheon Resources subsidiary. The State of Alaska, through the Alaska Gasline Development Corporation, maintains the remaining 25% ownership.

ConocoPhillips Alaska’s leadership emphasized shared commitment to responsibly developing Alaska’s natural gas resources for long-term benefits. Glenfarne Alaska LNG’s president highlighted that these supply commitments now clear the way for a final investment decision on phase one, underpinning efforts to secure Alaska’s energy future.

In March 2025, Glenfarne took over as lead developer of the Alaska LNG project by formalizing a definitive agreement with the Alaska Gasline Development Corporation. This transition positions Glenfarne at the forefront of advancing one of Alaska’s most significant energy infrastructure endeavors.