Glenfarne Alaska LNG signed a Cooperation Agreement with Thailand's PTT for a 20-year LNG offtake of 2 MTPA from the Alaska LNG project. This strategic partnership enhances energy security, with half of the project鈥檚 third-party offtake now committed. The pipeline project is advancing toward construction and final investment decisions.
On June 23, 2025, Glenfarne Alaska LNG, LLC revealed the signing of a Cooperation Agreement with Thailand's PTT Public Company Limited (鈥淧TT鈥�), the nation's largest publicly traded company. This strategic agreement paves the way for PTT to secure an offtake of 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Alaska LNG project for a 20-year term. The Alaska LNG project is operated through 8 Star Alaska, LLC, a joint venture between Glenfarne Alaska LNG, LLC鈥攁 subsidiary of Glenfarne Group, LLC and the project鈥檚 lead developer鈥攁nd the Alaska Gasline Development Corporation.
PTT, a BBB+ rated publicly listed oil and gas company, represents a critical international partner for the Alaska LNG initiative. The agreement, witnessed by Thailand's Permanent Secretary of Energy, Dr. Prasert Sinsukprasert, and the U.S. Ambassador to Thailand, Robert Godec, lays the groundwork for detailed long-term LNG procurement and collaborative partnership between the two entities.
Adam Prestidge, President of Glenfarne Alaska LNG, welcomed the move, emphasizing that the agreement underscores the project's competitive advantages in cost, supply security, and geographic proximity. With this latest agreement and others previously signed, 50% of the project鈥檚 available third-party LNG offtake capacity is now reserved for investment-grade counterparties, reflecting strong global interest.
The Alaska LNG project offers a cost-efficient LNG supply route to Asia, benefiting from logistical advantages compared to U.S. Gulf Coast exporters. Its fully permitted status, supportive local and federal backing, and non-reliance on geopolitically sensitive routes further enhance its appeal. Brendan Duval, Glenfarne鈥檚 CEO and Founder, noted the increasing geopolitical instability in regions like the Middle East, reinforcing the demand for stable, secure LNG sources such as Alaska LNG.
The Alaska LNG infrastructure involves an 807-mile, 42-inch pipeline, designed to deliver up to 20 MTPA of LNG while simultaneously fulfilling Alaska鈥檚 domestic gas requirements. The development will occur in two phases. Phase One will transport gas over 765 miles from the North Slope to Anchorage. Phase Two will extend the pipeline by 42 miles under Cook Inlet to Nikiski, the planned site of the LNG export terminal.
Glenfarne is actively collaborating with engineering firm Worley and pipeline contractors to finalize designs and advance toward a Final Investment Decision (FID) on the domestic segment. Simultaneously, Glenfarne is pursuing strategic partnerships across construction, equipment, supply chain, and investment areas.
In addition to Alaska LNG, Glenfarne Group, LLC owns other key LNG assets, including Texas LNG (fully sold out) and Magnolia LNG in Louisiana, bringing its total LNG development capacity to 32.8 MTPA. It also owns 60 operating energy assets across five countries.
