• Over 50 companies express interest in Alaska LNG project
• Project aims to reduce transit time and costs to Asian markets
• Final investment decision in pipeline expected by end of fourth quarter

June 3 (Reuters) - Energy developer Glenfarne said on Tuesday that its unit, Glenfarne Alaska LNG, has completed the first round of its strategic partner selection process with over 50 companies that have formally expressed interest for over $115 billion of the contract value for the Alaska LNG project.

If built, the Alaska LNG project will export up to 20 million metric tons per annum of the superchilled gas, according to the project document.

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It would open direct access for U.S.-made LNG to Asian markets without having to go through the Panama Canal or around the Horn of Africa, reducing transit time and costs.

"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," Glenfarne said in a press release.

The U.S. is the world's largest exporter of LNG and could triple its export capacity by 2030 if ongoing projects and those expected to get the financial greenlight this year are successful.

An associated 807-mile 42-inch pipeline is to be built and will be capable of transporting natural gas to meet both Alaska's domestic needs and supply the LNG export facility, the company said.

Phase One is expected to deliver natural gas about 765 miles from the North Slope to the Anchorage region.

Additionally, Phase Two will add nearly 42 miles of pipeline under the Cook Inlet to the Alaska LNG export facility in Nikiski, which will be constructed simultaneously with the LNG export facility.

Glenfarne expects a final investment decision on the domestic portion of the Alaska LNG pipeline by the end of the fourth quarter this year.

https://www.reuters.com/business/energy/glenfarne-announces-over-115-billion-strategic-partner-interest-alaska-lng-2025-06-03/