Glenfarne Alaska LNG LLC and Tokyo Gas Co. Ltd. have signed a Letter of Intent (LOI) for the offtake of 1 MMtpa of liquefied natural gas from the Alaska LNG project, marking the fifth commercial agreement signed in just seven months. The deal represents another major step toward securing financing and advancing the 20-MMtpa project, which is the only federally authorized LNG export terminal on the U.S. Pacific Coast.
Tokyo Gas, one of Japan’s largest energy utilities and a global leader in LNG procurement, joins a growing list of Asian buyers—including JERA, POSCO, CPC, and PTT—that have signed preliminary offtake agreements with Glenfarne since it became lead developer in March 2025. Together, the agreements now total 11 MMtpa of the 16 MMtpa Glenfarne expects to contract before reaching financial close.
“This agreement validates the strength of Alaska LNG’s commercial offering and the importance of Alaska LNG as a strategically positioned supplier of affordable, clean LNG for U.S. Pacific allies,” said Brendan Duval, Glenfarne’s chief executive officer and founder. “Tokyo Gas pioneered the LNG industry with their agreement to purchase LNG from Alaska fifty-five years ago and is one of the most respected voices in the industry. We welcome their participation in Alaska LNG.”
Engineering and cost validation for the Alaska LNG project’s 807-mile, 42-inch diameter natural gas pipeline are being finalized by Worley, providing the foundation for both Alaska’s domestic gas supply and LNG exports. The State of Alaska, through the Alaska Gasline Development Corporation, holds a 25% ownership stake in the project.
Glenfarne is developing Alaska LNG in two phases. Phase One includes the domestic pipeline delivering gas from the North Slope to the Anchorage region, while Phase Two will add the LNG export terminal and supporting infrastructure. The project is expected to deliver significant long-term economic benefits, strengthen U.S. energy security, and provide a reliable LNG supply to America’s Pacific allies.
