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.

A federal environmental record from December 2020 indicates the National Park Service will grant a right-of-way permit for the pipeline to cross Denali National Park and Preserve, a key milestone in the project's federal permitting arc.

Prestidge told legislators that Glenfarne supports elements beyond the governor's bill. The company backs community benefit agreements, a community impact fund for construction disruptions, a Fairbanks spur line with certain permitting conditions, and allowing municipalities to invest in equity alongside the state's 25 percent stake. Those additions would still allow the project to move forward successfully and quickly, he said.

Alaska's Export Advantage

Dunleavy noted Alaska's geographic advantage for energy exports. The state pioneered LNG export in the late 1960s and delivered reliable cargoes to Japan for nearly 50 years.

"Alaska can ship gas and oil to friends in Asia, for example Tokyo, 8 to 9 days away by shipping, straight shot, no contested waters, no straits to go through, no foreign actors to intervene," Dunleavy said.

Lieutenant Governor Nancy Dahlstrom, serving as conference emcee, said energy security is essential for Alaska and the nation.

"When Alaska has the energy it needs, not only is Alaska a safer, better place, but the country, the United States of America, is a safer and better place," Dahlstrom said.

Glenfarne and the Alaska Gasline Development Corporation announced their partnership in March 2025. Glenfarne took a 75 percent ownership stake and AGDC retained 25 percent through 8 Star Alaska. The deal made Glenfarne the lead developer responsible for advancing the project from front-end engineering and design through final investment decision.

The project represents the latest in decades of attempts to commercialize North Slope gas.