Glenfarne and ConocoPhillips Secure Gas Supply for Alaska LNG Phase One

The thirty-year commercial agreement secures the volumes necessary for the final investment decision and the state's energy supply.
By on May 21, 2026
El desarrollo por fases y el suministro de gas
Table of Contents
  1. Phased Development and Gas Supply

Initially, Glenfarne Alaska LNG and ConocoPhillips Alaska corporation executed a precedent commercial gas sale agreement for a thirty-year term. This contract guarantees the supply of natural gas from the state’s North Slope for the first phase of the Alaska LNG project. Through this financial commitment, the project secures the volume essential to support the final investment decision for its initial stage.

Phased Development and Gas Supply

Regarding planning, the Alaska LNG infrastructure contemplates execution divided into two financially independent stages with the purpose of accelerating construction timelines. The first phase encompasses a 739-mile, 42-inch diameter gas pipeline designed to transport the resource to local consumption centers. This transmission line seeks to mitigate the imminent supply shortage resulting from reduced production in the Cook Inlet basin.

Subsequently, the project’s second phase will integrate liquefied natural gas liquefaction and export facilities in the town of Nikiski. Once the complex is completed in its entirety, the system will have a total extension of 807 miles and will have the capacity to produce 20 million tons annually of liquefied gas destined for international markets.

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In turn, the agreement with ConocoPhillips completes the network of alliances with the principal extractors from Alaska’s North Slope. Currently, the state and private consortium has signed commercial commitments with ConocoPhillips, ExxonMobil, and Hilcorp Alaska. Similarly, Great Bear Pantheon LLC, a subsidiary of Pantheon Resources, is integrated into the supplier scheme.

In this regard, the shareholding distribution of Alaska LNG maintains Glenfarne Group with a majority stake of 75%, while the state of Alaska retains the remaining 25% through the Alaska Gasline Development Corporation. Likewise, the unified support of local oil operators consolidates the technical and financial viability of the proposed infrastructure in response to internal energy demand.

Source and photo: Glenfarne Group