Alaska LNG, majority-owned by Glenfarne, has signed a Letter of Intent with Japan鈥檚 JERA for the supply of 1 MTPA of LNG over 20 years
In a major step toward strengthening global energy security, Alaska LNG and JERA Co., Inc., Japan鈥檚 largest power generation company, have signed a Letter of Intent (LOI) for the long-term sale of liquefied natural gas (LNG). The agreement covers one million tonnes per annum (MTPA) of LNG to be supplied from the Alaska LNG project over a 20-year period on a Free-on-Board basis.
This announcement marks the third offtake agreement secured by Glenfarne Alaska LNG, LLC within five months of assuming majority ownership of the project. Glenfarne, which became the lead developer and 75% shareholder in March 2025, has already secured preliminary commercial agreements for more than half of Alaska LNG鈥檚 third-party offtake capacity, including deals with Taiwan鈥檚 CPC and Thailand鈥檚 PTT. Discussions are also underway with additional buyers across the Asia-Pacific region, with interest exceeding the project鈥檚 total capacity.
The deal also builds on the five-decade LNG trade history between Alaska and Japan, further cementing energy cooperation between the two nations. Adam Prestidge, President of Glenfarne Alaska LNG, highlighted Alaska鈥檚 strategic advantages鈥攊ncluding its proximity to Asia and abundant, stable North Slope gas reserves鈥攁s key factors driving momentum with global buyers.
U.S. Secretary of Energy Chris Wright welcomed the development, calling Alaska LNG 鈥渙ne of the greatest energy infrastructure projects in our nation鈥檚 history鈥� and underlining its contribution to U.S. and allied energy security.
Alaska LNG is positioned to be one of the lowest-carbon LNG projects globally. A U.S. Department of Energy analysis estimates the project could reduce global CO2 emissions by up to 77 million tonnes annually by displacing coal in Asia and cutting shipping-related emissions thanks to Alaska鈥檚 shorter transit routes compared to the U.S. Gulf Coast.
The project will advance in phases, with Phase One focused on domestic pipeline construction to deliver North Slope gas to Alaskan consumers while reducing project risks. Phase Two will add the LNG export terminal and associated facilities. Glenfarne expects to reach a Final Investment Decision (FID) in late 2025 for the pipeline and in 2026 for the LNG export terminal.
With 32.8 MTPA of LNG capacity under development across Alaska, Texas, and Louisiana, Glenfarne is positioning itself as a leading player in the North American LNG market, with the Alaska project serving as a strategic bridge between U.S. energy supplies and Asian demand.
