Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, and Baker Hughes, a global energy technology company, have announced the signing of definitive agreements to support the advancement of the Alaska LNG project.
LNG project development in Alaska
As part of the agreement, Baker Hughes will supply refrigerant compressors and power generation equipment essential to the essential for the gas treatment plant in the North Slope region. In addition, the company will make a direct strategic investment in the Alaska LNG project.
Natural gas and LNG are key to secure and reliable energy.
We are proud to partner with Glenfarne to facilitate their arrival from Alaska to the international market.”
Lorenzo Simonelli, president and CEO of Baker Hughes.
The development will be structured in two phases. The first includes an 807-mile pipeline that will transport gas from northern Alaska to the southern coast. The second phase includes the
Having Baker Hughes on board reaffirms the strength of the project and our goal of making Alaska LNG a global energy hub.
Brendan Duval, CEO and founder of Glenfarne.
Alaska LNG has secured preliminary commitments for 11 MTPA with buyers in Japan, South Korea, Taiwan and Thailand, representing more than 60% of the volume needed to trigger the final investment decision.
Source and photo: Baker Hughes
