Articles from Glenfarne Alaska LNG, LLC

Alaska LNG, majority owned and developed by Glenfarne Alaska LNG, LLC (Glenfarne), and Baker Hughes (NASDAQ: BKR), an energy technology company, today announced a strategic alliance to advance the Alaska LNG Project. Glenfarne has selected Baker Hughes as its supplier for main refrigerant compressors for the LNG terminal and power generation equipment for the North Slope gas treatment plant. Baker Hughes has also committed to a strategic investment to support Alaska LNG. The agreements were announced today in a ceremony in Washington, D.C. with Secretary of the Interior Doug Burgum and Secretary of Energy Chris Wright.

Glenfarne Alaska LNG, LLC (Glenfarne), and Tokyo Gas Co., Ltd. today announced the signing of a Letter of Intent (LOI) for the offtake of one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Alaska LNG project, majority owned and developed by Glenfarne. As one of Japan’s largest and most established energy utilities, Tokyo Gas is recognized globally for its leadership in LNG procurement and energy innovation.

Today Glenfarne Alaska LNG, LLC (“Glenfarne”) and POSCO International Corporation (“POSCO”) announced an agreement to advance a strategic partnership for the development of the Alaska LNG Project, the only federally authorized LNG export project on the U.S. Pacific Coast. The partnership will include steel supply, LNG offtake, and an investment with respect to the Alaska LNG project. The agreement defines the process for Glenfarne and POSCO to move forward on definitive agreements, which will close pending board approvals by both sides.

Today Alaska LNG, majority owned and developed by Glenfarne Alaska LNG, LLC (“Glenfarne”) and JERA Co., Inc. (“JERA”), Japan’s largest power generation company, signed a Letter of Intent for the sale of one million tonnes per annum (“MTPA”) of liquified natural gas from the Alaska LNG Project over a 20-year term on a Free-on-Board basis.

Today, Glenfarne Alaska LNG, LLC announced that PTT Public Company Limited (“PTT”), the largest publicly traded company in Thailand, has signed a Cooperation Agreement (“Cooperation Agreement”) for strategic participation in the Alaska LNG project, including for the procurement of 2 million tonnes per annum (“MTPA”) of LNG from Alaska LNG over a 20-year term. Alaska LNG is held under 8 Star Alaska, LLC, a joint venture between Glenfarne Group, LLC subsidiary, Glenfarne Alaska LNG, LLC (“Glenfarne”), the majority owner and lead developer of Alaska LNG, and the Alaska Gasline Development Corporation. PTT is the publicly traded national oil and gas company of Thailand with a BBB+ investment grade credit rating.

Glenfarne Alaska LNG, LLC (“Glenfarne”), a subsidiary of Glenfarne Group, LLC and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska’s Alaska Gasline Development Corporation, announces that it has completed the first round of its Strategic Partner selection process, with over 50 companies participating from the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union. These potential partners have formally expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements.

Glenfarne Alaska LNG, LLC (“Glenfarne”), a subsidiary of Glenfarne Group, LLC, and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska’s Alaska Gasline Development Corporation, has selected Worley to undertake additional engineering and prepare a final cost estimate for the Alaska LNG Pipeline in sufficient detail to achieve Final Investment Decision for the Pipeline.

Today, Glenfarne Alaska LNG, LLC, an affiliate of Glenfarne Group, LLC, (together as ”Glenfarne”), and the Alaska Gasline Development Corporation (“AGDC”) signed definitive agreements for Glenfarne to become majority owner of Alaska LNG, the sole federally permitted LNG export project on the U.S. Pacific Coast, and lead its development to construction and operations of the entire project. Alaska LNG is designed to deliver North Slope natural gas to Alaskans and Alaska utilities and export up to 20 million tonnes of LNG per year (MTPA).