The first round of partner selection for the planned Alaska LNG project attracted over 50 companies, lead developer Glenfarne Group LLC has said.
The potential partners are from the United States, the European Union, Japan, Korea, Taiwan, Thailand and India. The companies “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 said in an online statement.
Alaska LNG, approved by the Federal Energy Regulatory Commission May 2020, will deliver natural gas from the state’s North Slope to both domestic and global markets.
It is the only federally permitted liquefied natural gas (LNG) project on the United States Pacific Coast, according to co-developer Alaska Gasline Development Corp. (AGDC).
“Alaska LNG’s economic fundamentals allow it to deliver LNG into Asia at prices that are lower than Henry Hub pricing from the U.S. Gulf Coast”, the statement said.
Alaska LNG is planned to have an LNG export terminal with a capacity of 20 million metric tonnes per annum (MMtpa), an 807-mile 42-inch pipeline and a carbon capture plant with a storage capacity of seven MMtpa.
Phase 1 aims to deliver gas about 765 miles from the North Slope to the Anchorage region. Phase 2 would install compression equipment and around 42 miles of pipeline under Cook Inlet to the Alaska LNG Export Facility in Nikiski, which would be constructed at the same time.
“Glenfarne anticipates a final investment decision on the domestic portion of the Alaska LNG pipeline in late Q4 2025”, the statement said.
