Glenfarne, ConocoPhillips Enter Natural Gas Sales Agreement via Alaska LNG

Glenfarne Alaska and ConocoPhillips signed a gas sales precedent agreement to deliver natural gas produced on Alaska’s North Slope for Phase 1 of the Alaska LNG project. Per the 30-year agreement, Alaska LNG has now secured precedent agreements for sufficient volumes to support a final investment decision and supply enough natural gas to fulfill Alaska’s energy requirements.

“ConocoPhillips shares Glenfarne’s commitment to developing Alaska’s resources for the long-term benefit of Alaskans,” said Erec Isaacson, President of ConocoPhillips Alaska. “Our participation in Alaska LNG supports reliable access to responsibly produced North Slope natural gas while complementing our ongoing investment in Alaska.”

Glenfarne is developing Alaska LNG in two financially independent phases to accelerate project execution. Phase One consists of the 739-mile, 42-inch pipeline to transport natural gas to Alaska consumers to strengthen long-term energy security and address looming supply shortfalls resulting from declining Cook Inlet production. Phase Two will add the LNG export facilities in Nikiski.

Alaska LNG now has agreements with all three major North Slope producers: ConocoPhillips, ExxonMobil, Hilcorp Alaska, as well as Great Bear Pantheon, a wholly owned subsidiary of Pantheon Resources.

“All major North Slope producers have now committed enough natural gas to support a Phase One final investment decision,” said Adam Prestige, President of Glenfarne Alaska LNG. “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. I appreciate Erec and his team for their continued collaboration and support as we advance this transformational energy project for Alaska.”

Expansion with Texas

In April 2026, Glenfarne Group expanded its international LNG commodities platform, Glenfarne Global Commodities (GGC), to include 1.5 MTPA of LNG from Texas LNG, alongside Alaska LNG offtake volumes to be determined once customer allocations are finalized in the coming weeks. This expansion provides GGC and Glenfarne’s LNG projects with commercial flexibility and optionality that benefit from an LNG portfolio serving the Atlantic and Pacific basins.

GGC signed a long-term offtake arrangement with Texas LNG for 1.5 MTPA of offtake capacity to serve Atlantic markets, while offtake from Alaska LNG may be added once the project becomes operational in 2031. The company’s offtake obligations under the long-term arrangement with Texas LNG will be underpinned by investment-grade fundamentals supporting project finance underwriting. The increase in GGC’s capacity was accommodated through an agreement with EQT to amend its long-term offtake from Texas LNG to 0.5 MTPA.

Additionally, Glenfarne executed a lump-sum turnkey engineering, procurement, and construction agreement with Kiewit for Texas LNG and will leverage Kiewit Offshore Services (KOS) in Ingleside, TX, to fabricate liquefaction, pretreatment, and pipe rack modules. Compared to traditional modular construction yards in China and Southeast Asia, the KOS facility represents a significant investment in skilled U.S. and Texas labor and reducing project risk.

Donlin Gold Mine

In January 2026, per a non-binding letter of intent, Glenfarne Alaska LNG agreed to supply natural gas from the Alaska LNG pipeline and, in cooperation with Donlin Gold, develop the infrastructure required to deliver gas and power a mine in southwest Alaska.Donlin Gold, located 10 miles north of Crooked Creek village, is currently among the largest known and undeveloped open-pit gold deposits.