TotalEnergies, Glenfarne sign 20-year Alaska LNG offtake deal

ANCHORAGE, February 26, 2026 – TotalEnergies has signed a preliminary agreement with Glenfarne for the long-term offtake of 2 million tonnes per year (tpy) of LNG over 20 years from the Alaska LNG project, the company said on Thursday.

The agreement is subject to final investment decision and relates to a planned export terminal on the US Pacific coast with a total capacity of 20 million tpy and direct access to Asian markets. Alaska LNG is the only federally authorised LNG export terminal in the region and aims to support Asia’s energy security while strengthening transpacific ties.

“We look forward to offtaking LNG from Glenfarne’s Alaska LNG project. The Alaska LNG project is indeed very well geographically positioned to better serve our Asian customers,” TotalEnergies chairman and CEO Patrick Pouyanné said.

Celebrating the deal, Glenfarne CEO and founder Brendan Duval called the French energy giant “one of the most sophisticated LNG market participants in the world.”

In North America, TotalEnergies is the number one exporter of US LNG with 19 million tonnes exported in 2025 and holds upstream gas production assets in Texas, Oklahoma and offshore US, alongside investments in liquefaction projects including Cameron LNG and Rio Grande LNG in the USA, Energia Costa Azul in Mexico and Ksi Lisims LNG in Canada.

Globally, the company is the world’s third largest LNG player with a portfolio of 44 million tpy in 2025 and operations spanning production, transportation, regasification, trading and LNG bunkering across about 120 countries.

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