Alaska LNG Project Targets 2029 Gas Delivery as Developer Reports Major Contract Awards

The Alaska LNG project aims to deliver natural gas in 2029, lead developer Brandon Duvall said Thursday at the Alaska Sustainable Energy Conference in Anchorage.

Glenfarne Alaska LNG awarded the bulk of construction contracts and secured 13 million tonnes of reservations over the past year, Duvall said. The company, which became majority owner and lead developer in March 2025, has prepared local offtake agreements and advanced a private financing process to final stages.

"We have let out the bulk of the construction, the equipment supply, the pipe," Duvall said from the main stage at the Dena'ina Center. "The Alaska LNG Project in particular, Phase 1 pipeline, is in a fantastic position to start delivering gas in 2029."

He said the project needed support in Juneau to cross the finish line soon.

The timeline and cost structure depend on the governor's proposed tax bill, which sets a 6 cent per MCF rate on the pipeline. Adam Prestidge, speaking for Glenfarne to legislators, called the rate fair and said it would allow the company to reach final investment decision quickly this year. A significant change from that rate would require reexamination of how the project moves forward, he said.

International Investors Join Project

The project has attracted investors and participants from Germany, Italy, Greece, Taiwan, Japan, and Korea, Duvall said. He hosted a stakeholder event the day before the conference that included site visits to the Kenai Peninsula and a dinner with Secretary Bergum.

Governor Mike Dunleavy, appearing at the same conference, described the Alaska LNG project as moving from concept to execution. He called it the largest energy infrastructure project ever undertaken in the Americas.

"Last year the focus was on the concept. This year the focus is on the execution steps in that gas project," Dunleavy said.

Dunleavy projected Alaska oil production could reach 900,000 barrels per day within 10 to 12 years, up from roughly 495,000 barrels per day today. He framed the LNG project in the context of global energy security, noting recent disruptions to oil tanker shipments and uncertainty about supply routes.

The governor urged lawmakers to reach agreement on the payment-in-lieu-of-taxes structure within three weeks so Glenfarne can finance the project, order pipe, and sign contracts.

Project Scope and Permitting

The project includes an 807-mile pipeline from Prudhoe Bay to Nikiski and a planned liquefied natural gas facility in Nikiski, according to the Alaska Gasline Development Corporation. Glenfarne describes Phase One as a 739-mile, 42-inch pipeline intended to meet Alaska's domestic energy needs before a later export phase.