New York-based energy infrastructure firm leading development of the proposed Alaska LNG Project — North Slope gas piped to Cook Inlet for export at Nikiski. Joint developer with AGDC.
Anchorage, AK, USA

Bert Stedman
“I think the buyback is one of them. There's mechanics if you take a literal interpretation of that document, it may not be as accurate as looking at it in the entirety.”Alaska Legislature: MSC2-20260626-1410

Bert Stedman
“they can draw erroneous conclusions from just reading that in isolation. And we've tried to ferret some of that out in our questions.”Alaska Legislature: MSC2-20260626-1410

Adam Prestidge
“this is a mechanism that is only exercisable at the state's option. In terms of Glenfarn's ability to seek recourse or any kind of compensation, we don't have that mechanism. We can't ask the state to exercise this option. If Glenfarn decides to abandon the project, we do so with no recourse.”Alaska Legislature: MSC2-20260626-1410
A confidential AGDC document describing how Alaska could remove Glenfarne as Alaska LNG's lead developer leaked, surfacing publicly at Friday's HB 381 hearing.

A Senate Finance draft of HB 381 ties Alaska LNG's tax break to Glenfarne paying $80M, signing a labor deal, and building a gas spur line to Fairbanks.

This episode covers the week's major Alaska stories: a gas pipeline tax bill that added oil tax increases, the Point Thomson condensate trade-off for pipeline gas, Mount Edgecumbe enrollment crisis, and McNeil River bear sanctuary access proposals.

The Alaska Sustainable Energy Conference wrapped Thursday in Anchorage with Glenfarne announcing financing proposals for the Alaska LNG pipeline, a record federal lease sale in the National Petroleum Reserve, and a closing keynote framing energy development as economic freedom.

Senator Bert Stedman pressed the Alaska Senate Finance Committee to obtain standalone Phase 1 pipeline economics before acting on Alaska LNG tax relief. The special session ends in four days.

Glenfarne Group CEO Brendan Duval announced Tuesday that the Alaska LNG project has received financing proposals from global banks to build the domestic pipeline, with construction targeted for early 2027 and gas delivery by late 2029, pending legislative tax approval and regulatory clearance.

The Alaska Sustainable Energy Conference showcased progress on the Alaska LNG project while the legislature debated competing tax frameworks for the pipeline. Inside: SB 280, consumer-cost concerns, the critical-minerals permitting gap, AI data centers, and rural Alaska's $6.63 gasoline.

Glenfarne Group CEO says Alaska LNG project now prioritizes in-state gas supply over international exports, with no timeline given for the export phase.

The Alaska Gasline Development Corporation can block major decisions in the Alaska LNG joint venture despite owning only a quarter of it. The unusual arrangement protects state priorities including gas reserved for Alaska customers and rate structures that favor residential users.

Chugach Electric Association and Glenfarne Alaska LNG signed a non-binding letter of intent for North Slope gas delivery — one of several Chugach hedges

The developer behind the Alaska LNG project says financing is lined up and construction could begin in 2027. The timeline depends on the legislature approving a tax deal and regulators signing off on a gas supply agreement for Southcentral Alaska.
Glenfarne warned an Alaska conference committee that Senate amendments to the HB 381 gas-line tax bill, including a 9.4% investor tax, could deter investment and threaten the project.

The Alaska LNG project is close to a gas supply agreement with Enstar Natural Gas that would deliver North Slope gas to Southcentral Alaska at prices below imported LNG. The deal awaits regulatory approval before the 807-mile pipeline can move to financial close.

SB 2001 proposes an Alternative Value Tax that calculates state and local revenue based on gas volume pumped rather than property valuation, a fundamental shift from Trans Alaska Pipeline taxation that the Senate Republican Caucus says is necessary to avoid litigation and secure project financing.
