Alaska LNG, led by Glenfarne, signed a letter of intent with the Japanese company JERA for the annual purchase and sale of one million tons of liquefied natural gas for two decades. The agreement is part of the company’s LNG export LNG export project export project, based in Nikiski, which seeks to consolidate its position as a strategic supplier to the Asian market.
LNG purchase from the Pacific to Asia
The Alaska LNG project project has a projected total capacity of 20 million tons per year and is the only one authorized by the U.S. federal government on the Pacific coast. Its proximity to Asia, in particular Japan and South Korea, makes it a highly efficient logistical hub for the fuel trade..
Japan’s JERA, one of the world’s leading LNG buyers, believes that this collaboration will allow it to diversify its supply sources as it moves towards its goals of net zero emissions by 2050. by 2050. In addition, the project stands out for its environmental profile: it is estimated that it could reduce up to 77 million tons of CO2 per year, thanks to the low emissions from the gas extracted on Alaska’s North Slope.
Glenfarne consolidates agreements with Asia
Since its majority acquisition in March 2025, Glenfarne has intensified negotiations to secure early commercialization of exportable volume. It has already signed preliminary commitments with companies in Taiwan and Thailand, and expects to formalize definitive contracts in the near term. Prospects exceed the project’s nameplate capacity, reflecting strong regional interest.
Glenfarne’s strategy envisages two phases: first, a domestic pipeline to supply local communities, and then international export infrastructure from Nikiski. The Final Investment Decision (FID) for the pipeline is expected by the end of 2025, while the export system is planned for 2026.
With this alliance, Alaska LNG reinforces its position on the global LNG map as a secure, competitive supply alternative aligned with Asia’s energy transition.
Source and photo: Glenfarne Group
