Glenfarne Group has announced it has received expressions of interest worth over $115 billion from more than 50 companies worldwide for its Alaska LNG project, a major development aimed at supplying liquefied natural gas to both domestic Alaskan markets and key Asian economies. The announcement, made on June 3, marks the completion of the first round of Glenfarne’s Strategic Partner selection process, with firms from the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union signaling intent to participate across equipment supply, services, investments, and customer agreements.
In a press release issued by the company, Brendan Duval, CEO and Founder of Glenfarne, said the strong market response reflects growing recognition of the project’s favorable economics and broad governmental support. “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,” Duval stated. He emphasized that the domestic pipeline portion is independently financially viable and critical to resolving Southcentral Alaska’s energy crisis in the long term.
The Alaska LNG project includes an 807-mile, 42-inch pipeline designed to transport natural gas from Alaska’s North Slope to both domestic consumers and the Alaska LNG export facility in Nikiski. Glenfarne plans to build the pipeline in two distinct, financially viable phases. Phase One will extend approximately 765 miles to the Anchorage region, while Phase Two will add compression equipment and a 42-mile segment under Cook Inlet to reach the export terminal. The export facility is expected to have a capacity of 20 million tonnes per annum (MTPA), positioning it as a major contributor to global LNG supply chains.
As part of its execution strategy, Glenfarne has partnered with global engineering firm Worley to undertake the final engineering and cost estimation for the pipeline. This work is essential for reaching a Final Investment Decision (FID), which the company anticipates by late Q4 2025. The partnership builds on the companies’ existing collaboration on Glenfarne’s Texas LNG project, which has already sold out its capacity and is approaching its own FID.
Duval highlighted the urgency of the pipeline component, noting that declining natural gas production in the Cook Inlet threatens not only Alaska’s energy security but also broader U.S. national interests. “Prioritizing the development and final investment decision of the pipeline is essential to solving the natural gas shortages which are already impacting the state,” he said.
Worley brings deep experience in Alaska, having supported projects in the region for more than 60 years. It has longstanding relationships with local stakeholders, including a joint venture with NANA NORTH, LLC, a subsidiary of the Alaska Native-owned NANA Regional Corporation. “Our specialist team is well placed to support Glenfarne in moving this vital project forward, improving energy security for Alaska and the world,” said Mark Trueman, president Americas at Worley.
Glenfarne’s Alaska LNG initiative is part of its broader global LNG portfolio, which totals 32.8 MTPA of permitted capacity under development. The company also owns and operates more than 50 energy infrastructure assets across five countries and is the parent of Texas LNG and Magnolia LNG. With strong momentum, global interest, and strategic partnerships, Glenfarne is positioning Alaska LNG as a transformative energy project for both the U.S. and international markets.
