Alaska LNG secures gas supply from ConocoPhillips

USA

ANCHORAGE, May 18, 2026 – Glenfarne Alaska LNG and ConocoPhillips Alaska have signed a gas sales precedent agreement covering North Slope natural gas for the first phase of the Alaska LNG project in the US,Glenfarne Group announced on Monday.

The 30-year agreement gives Alaska LNG enough committed volumes to support a FID on its first phase of development, which consists of a 1,189-kilometre stretch of 42-inch pipeline for gas deliveries to end users in Alaska. A second phase will add LNG export infrastructure in Nikiski, in southern Alaska’s Kenai Peninsula Borough.

“All major North Slope producers have now committed enough natural gas to support a Phase One final investment decision. Today’s milestone agreement establishes the commercial terms for ConocoPhillips to supply gas and help Phase One of Alaska LNG provide energy security for Alaska,” said Adam Prestidge, president of Glenfarne Alaska LNG.

Alaska LNG now has agreements with ConocoPhillips, ExxonMobil, Hilcorp Alaska and Great Bear Pantheon. Upon completion, the facility is expected to have 20 million tonnes per year of export capacity.

Glenfarne Group develops, owns, operates and manages energy and infrastructure assets in the Americas, Asia and Europe, with activities in power, alternative energy and utility infrastructure. The company owns 75% of Alaska LNG, with the State of Alaska holding 25% through the Alaska Gasline Development Corporation.

Rendering courtesy of Alaska LNG

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